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

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, 2011 Dec. 31, 2012 $13,400 Accounts receivable $12,700 70,600 Inventory 69,900 22,800 Accounts payable 22,500 Dividends payable 26,000 28,000 Adjust net income of $129,500 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. 133,200 x