eBook Show Me How G Changes in Current Operating Assets and Liabilities Covington Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, Year 2 Dec. 31, Year 1 Accounts receivable $22,500 $19,700 Inventory 56,500 63,500 Accounts payable 25,000 21,700 Dividends payable 19,000 18,000 Adjust net income of 679,700 for changes in operating assets and liabilities to arrive at net cath flows from operating activities, X Feedback