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Changes in Current Operating Assets and Liabilities

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	$11,400		$14,600
Inventory	68,600		61,800
Accounts payable	28,700		25,200
Dividends payable	17,000		18,000

Adjust net income of $81,500 for changes in operating assets and liabilities to arrive at net cash flows from operating activities. $fill in the blank 1