Changes in Current Operating Assets and LiabilitiesIndirect Method Covington Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, Year 2 Dec. 31, Year 1 Accounts receivable $9,700 $12,300 58,200 Inventory 65,800 Accounts payable 18,700 23,000 22,500 25,000 Dividends payable Adjust net income of $113,200 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. $ 114,000 X