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, Year 2		Dec. 31, Year 1
Accounts receivable	$16,800		$21,300
Inventory	65,000		58,000
Accounts payable	18,300		15,500
Dividends payable	17,000		18,000

Adjust net income of $81,300 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. $