Changes in Current Operating Assets and Liabilities Indirect Method Covington Corporation's comparative balance sheet for current assets and liabilities was as follows Dec 31, 20Y2 Dec 31, 20Y1 Accounts receivable $29,300 $28,100 Inventory 66,100 66,800 Accounts payable 12,200 10,500 Dividends payable 22,000 20,000 Adjust net income of $90,900 for changes in operating assets and liabilities to arrive at net cash flow from operating activities $ fill in the blank 1

Question: Changes in Current Operating Assets and Liabilities Indirect Method Covington Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, 20Y2

Changes in Current Operating Assets and Liabilities—Indirect Method

Covington Corporation's comparative balance sheet for current assets and liabilities was as follows:

	Dec. 31, 20Y2	Dec. 31, 20Y1
Accounts receivable	$29,300	$28,100
Inventory	66,100	66,800
Accounts payable	12,200	10,500
Dividends payable	22,000	20,000

Adjust net income of $90,900 for changes in operating assets and liabilities to arrive at net cash flow from operating activities.
$fill in the blank 1

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