Question: eBook Show Me How Changes in Current Operating Assets and LiabilitiesIndirect Method Covington Corporation's comparative balance sheet for current assets and liabilities was as follows:

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    Changes in Current Operating Assets and LiabilitiesIndirect Method

    Covington Corporation's comparative balance sheet for current assets and liabilities was as follows:

    Dec. 31, 20Y2 Dec. 31, 20Y1
    Accounts receivable $24,200 $23,400
    Inventory 66,200 66,900
    Accounts payable 26,900 26,700
    Dividends payable 24,000 25,000

    Adjust net income of $114,300 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. $fill in the blank 1

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