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 $12,500 $14,700 Inventory 84,300 75,300 Accounts payable 17,100 20,400 Dividends payable 23,000 25,000 Adjust net income of $112,600 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. $ 115,900 x