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 $20,500 $25,300 Inventory 78,200 69,800 Accounts payable 15,200 12,800 Dividends payable 25,000 23,000 Adjust net income of $104,700 for changes in operating assets and liabilities to arrive at net cash flow from operating activities.