Changes in Current Operating Assets and LiabilitiesIndirect 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	$16,700		$21,100
Inventory	57,600		50,500
Accounts payable	17,100		21,900
Dividends payable	26,000		28,000

Adjust net income of $129,100 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. $