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 $25,700 $24,800 Inventory 72,300 73,000 Accounts payable 26,900 25,900 Dividends payable 27,000 25,000 Adjust net income of $114,100 for changes in operating assets and liabilities to arrive at net cash flow from operating activities