Changes in Current Operating Assets and Liabilities-Indirect Method Covington Corporation's comparative balance sheet for current assets and liabilities was as follows: Accounts receivable Inventory Dec. 31, Year 2 Dec. 31, Year 1 $18,300 $22,900 79,700 71,800 25,100 21,600 20,000 22,000 Accounts payable Dividends payable Adjust net income of $100,300 for changes in operating assets and liabilities to arrive at net cash flow from operating activities