Question: 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, 20Y2

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, 20Y2 Dec. 31, 20Y1

Accounts receivable $17,000 $16,100

Inventory 65,600 66,300

Accounts payable 30,800 29,400

Dividends payable 24,000 26,000

Adjust net income of $118,200 for changes in operating assets and liabilities to arrive at net cash flow from operating activities.

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