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Changes in current operating assets and liabilities - indirect methodCovington Corporation's comparative balance sheet for current assets and liabilities was as follows:Accounts receivableDec. 3 1

Changes in current operating assets and liabilities-indirect methodCovington Corporation's comparative balance sheet for current assets and liabilities was as follows:Accounts receivableDec. 31,20Y2$14,40051,400Dec. 31,20Y1$13,60052,100InventoryAccounts payable15,10014,400Dividends payable18,00017,000
Adjust net income of $78,900 for changes in operating assets and liabilities to arrive at net cash flows from operating activities.

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