Changes in Current Operating Assets and LiabilitiesIndirect Method

Blue Circle Corporation's comparative balance sheet for current assets and liabilities was as follows:

	Dec. 31, Year 2		Dec. 31, Year 1
Accounts receivable	$28,300		$24,000
Inventory	45,200		50,800
Accounts payable	21,900		25,800
Dividends payable	26,000		28,000

Adjust net income of $127,300 for changes in operating assets and liabilities to arrive at net cash flow from operating activities.