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 $18,300 $22,100 Inventory 74,700 67,300 Accounts payable 33,600 28,200 Dividends payable 26,000 24,000 Adjust net income of $110,400 for changes in operating assets and liabilities to arrive at net cash flows from operating activities.

it says 119400 is wrong