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 Accounts receivable Inventory Accounts payable Dividends payable $17,600 73,200 11,700 18,000 Dec. 31, Year 1 $16,600 73,900 11,200 17,000 Adjust net income of $76,600 for changes in operating assets and liabilities to arrive at net cash flow from operating activities.