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, 2012 Dec. 31, 2011 Accounts receivable $13,200 $12,200 Inventory 71,800 72,500 Accounts payable 31,300 29,700 Dividends payable 22,000 23,000 Adjust net income of $104,600 for changes in operating assets and liabilities to arrive at net cash flow from operating activities.