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 $19,200 $24,600 Inventory 89,900 78,900 Accounts payable 26,700 23,000 Dividends payable 15,000 16,000 Adjust net income of $71,100 for changes in operating assets and liabilities to arrive at net cash flow from operating activities $ 331,900 x