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 $23,600 $23,400 Inventory 68,200 68,900 Accounts payable 13,700 13,300 Dividends payable 15,000 16,000 Adjust net income of $74,800 for changes in operating assets and liabilities to arrive at net cash flow from operating activities