Changes in Current Operating Assets and LiabilitiesIndirect Method

Covington Corporation's comparative balance sheet for current assets and liabilities was as follows:

	Dec. 31, Year 2		Dec. 31, Year 1
Accounts receivable	$18,700		$23,400
Inventory	66,600		58,400
Accounts payable	19,100		16,300
Dividends payable	19,000		20,000

Adjust net income of $92,600 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. $