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Covington Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, 20Y2 Dec. 31, 20Y1 Accounts receivable$29,700 $28,700 Inventory51,400 52,100 Accounts
Covington Corporation's comparative balance sheet for current assets and liabilities was as follows:
Dec. 31, 20Y2Dec. 31, 20Y1Accounts receivable$29,700 $28,700 Inventory51,400 52,100 Accounts payable21,600 20,200 Dividends payable24,000 26,000Adjust net income of $118,900 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. $fill in the blank 1
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