Changes in Current Operating Assets and LiabilitiesIndirect Method

Covington Corporation's comparative balance sheet for current assets and liabilities was as follows:

	Dec. 31, 20Y2		Dec. 31, 20Y1
Accounts receivable	$26,500		$25,400
Inventory	78,400		79,100
Accounts payable	16,500		16,300
Dividends payable	30,000		28,000

Adjust net income of $127,500 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. $_____