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, Year 2 Dec. 31, Year 1 $17,700 58,600 23,000 21,000 $17,100 59,300 22,100 23,000 Accounts receivable Inventory Accounts payable Dividends payable Adjust net income of $105,800 for changes in operating assets and liabilities to arrive at net cash flow from operating activities