Book Show Me How 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 $23,100 $22,300 Inventory 66,000 66,700 Accounts payable 21,500 19,800 Dividends payable 16,000 17,000 Adjust net income of $76,500 for changes in operating assets and liabities to arrive at nettcash flow from operating activities