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	$25,600		$25,200
Inventory	62,800		63,500
Accounts payable	16,700		15,300
Dividends payable	24,000		22,000

Adjust net income of $101,600 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. $