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

$14,100

$16,800

Inventory

56,100

50,500

Accounts payable

17,700

14,500

Dividends payable

24,000

22,000

Adjust net income of $99,300 for changes in operating assets and liabilities to arrive at net cash flow from operating activities.

$