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, Year 2 Dec. 31, Year 1 Accounts receivable $12,900 $15,600 Inventory 91,100 79,900 Accounts payable 22,200 19,300 Dividends payable 24,000 22,000 Adjust net income of $101,900 for changes in operating assets and liabilities to arrive at net cash flow from operating activities