$1$Changes in current operating assets and liabilities$$indirect methodCovington Corporation's comparative balance sheet for current assets and liabilities was as follows:Line Item DescriptionDec. $31,20$Y$2$Dec. $31,20$Y$1$Accounts receivable$$19,300$$$18,900$Inventory$65,00065,700$Accounts payable$26,30026,100$Dividends payable$29,00027,0002$Adjust net income of $$120,900$ for changes in operating assets and liabilities to arrive at net cash flows from operating activities.