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, 2012 Dec. 31, 2011 Accounts receivable $20,100 $19,400 Inventory 56,400 57,100 Accounts payable 10,500 9,600 Dividends payable 21,000 20,000 Adjust net income of $91,500 for changes in operating assets and liabilities to arrive at net cash flow from operating activities