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 Accounts receivable $15,800 Inventory 53,400 Accounts payable 22,600 Dividends payable 29,000 Dec. 31, 20Y1 $15,600 54,100 21,400 27,000 Adjust net income of $124,000 for changes in operating assets and liabilities to arrive at net cash flow from operating activities.