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	$27,100		$25,800
Inventory	78,600		79,300
Accounts payable	29,400		28,200
Dividends payable	29,000		27,000

Adjust net income of $121,700 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. $fill in the blank 1