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   Changes in Current Operating Assets and LiabilitiesIndirect Method

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

   	Dec. 31, 20Y2		Dec. 31, 20Y1
   Accounts receivable	$24,200		$23,400
   Inventory	66,200		66,900
   Accounts payable	26,900		26,700
   Dividends payable	24,000		25,000

   Adjust net income of $114,300 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. $fill in the blank 1