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 $18,600 $16,000 Inventory 62,000 72,900 Accounts payable 18,500 22,000 Dividends payable 31,000 29,000 Adjust net income of $129,800 for changes in operating assets and liabilities to arrive at net cash flows from operating activities. $