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, 2011 Accounts receivable $24,100 $23,900 Inventory 72,100 72,800 Accounts payable 10,500 10,300 Dividends payable 25,000 27,000 Adjust net income of $123,600 for changes in operating assets and liabilities to arrive at net cash flow from operating activities