Changes in Current Operating Assets and Liabilities--Indirect Method Blue Circle Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, 2012 Dec. 31, 2011 Accounts receivable $26,000 $24,700 Inventory 76,000 76,700 Accounts payable 27,900 26,300 Dividends payable 24,000 26,000 Adjust net income of $118,400 for changes in operating assets and liabilities to arrive at net cash flow from operating activities