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 $27,600 $27,100 Inventory 54,100 54,800 Accounts payable 22,300 21,800 Dividends payable 24,000 25,000 Adjust net income of $111,700 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. si