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, Year 2 Dec. 31, Year 1 Accounts receivable Inventory Accounts payable Dividends payable Adjust net income of $106,100 for changes in operating assets and liabilities to arrive at net cash flow from operating activities 30,500 59,200 21,900 21,000 $26,300 69,700 27,400 23,000