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 Inventory Accounts payable Dividends payable $26,800 66,800 22,400 30,000 $25,800 67,500 21,600 28,000 Adjust net income of $125,100 for changes in operating assets and liabilities to arrive at net cash flows from operating activities