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 $20,800 $19,500 Inventory 60,500 61,200 Accounts payable 19,600 19,400 Dividends payable 18,000 17,000 Adjust net income of $77,200 for changes in operating assets and liabilities to arrive at net cash flow from operating activities.