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, 20Y2 Dec. 31, 20Y1 Accounts receivable $25,600 $25,400 Inventory 59,500 60,200 Accounts payable 14,900 13,500 Dividends payable 24,000 26,000 Adjust net income of $116,900 for changes in operating assets and liabilities to arrive at net cash flows from operating activities.