Changes in Current Operating Assets and Liabilities Blue Circle Corporation's comparative balance sheet for current...
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Accounting
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 | $10,200 | $12,000 | ||
| Inventory | 61,900 | 54,800 | ||
| Accounts payable | 8,500 | 10,100 | ||
| Dividends payable | 21,000 | 20,000 | ||
Adjust net income of $88,700 for changes in operating assets and liabilities to arrive at net cash flows from operating activities. $fill in the blank 1
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