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	$20,100		$17,500
Inventory	52,400		60,900
Accounts payable	25,500		22,200
Dividends payable	23,000		21,000

Adjust net income of $96,100 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. $