Question: eBook Show Me How Question Content Area Changes in Current Operating Assets and LiabilitiesIndirect Method Covington Corporation's comparative balance sheet for current assets and liabilities
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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 | $25,600 | $25,200 | ||
| Inventory | 56,600 | 57,300 | ||
| Accounts payable | 14,700 | 13,000 | ||
| Dividends payable | 18,000 | 19,000 |
Adjust net income of $87,100 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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