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	$16,000		$15,200
Inventory	55,100		55,800
Accounts payable	10,900		9,900
Dividends payable	22,000		21,000

Adjust net income of $96,500 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. $fill in the blank 1