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 $22,500 $22,200 Inventory 50,400 51,100 Accounts payable 12,200 10,500 Dividends payable 29,000 27,000 Adjust net income of $121,400 for changes in operating assets and liabilities to arrive at net cash flow from operating activities.