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 $22,800 $22,000 Inventory 61,000 61,700 Accounts payable 18,200 16,500 Dividends payable 17,000 18,000 Adjust net income of $80,600 for changes in operating assets and liabilities to arrive at net cash flow from operating activities