having trouble with this one. Changes in Current Operating Assets and Liabilities-Indirect MethodCovington Corporation's comparative balance sheet for current assets and liabilities was as follows:Dec. 31, 20Y2Dec. 31, 20Y1Accounts receivable$16,100$15,500Inventory62,20062,900Accounts payable20,00019,200Dividends payable24,00022,000Adjust net income of $99,200 for changes in operating assets and liabilities to arrive at net cash flow from operating activities.X

The cash flow statement is prepared to record the cash flow from various activities during the…

hanges in Current Operating Assets and Liabilities–Indirect Method ovington Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, 20Y2 Dec. 31, 20Y1 ccounts receivable $16,100 $15,500 ventory 62,200 62,900 ccounts payable 20,000 19,200 ividends payable 24,000 22,000 djust net income of $99,200 for changes in operating assets and liabilities to arrive at net cash flow from operating activities.