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

	Dec. 31, Year 2		Dec. 31, Year 1
Accounts receivable	$20,200		$25,300
Inventory	76,600		68,400
Accounts payable	12,600		15,900
Dividends payable	30,000		28,000

Adjust net income of $128,400 for changes in operating assets and liabilities to arrive at net cash flow from operating activities.