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 $16,500 $15,800 Inventory 79,000 79,700 Accounts payable 29,800 29,400 Dividends payable 23,000 25,000 Adjust net income of $112,800 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. X