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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 | $18,800 | | $15,700 | |
| Inventory | 52,500 | | 59,700 | |
| Accounts payable | 22,700 | | 19,900 | |
| Dividends payable | 15,000 | | 16,000 | |
Adjust net income of $73,900 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. $
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