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 $21,700 $20,500 Inventory 74,000 74,700 Accounts payable 30,900 29,200 Dividends payable 23,000 25,000 Adjust net income of $113,600 for changes in operating assets and liabilities to arrive at net cash flow from operating activities.