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

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Accounting

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

Dec. 31, 20Y2Dec 31, 20Y1ACC Recievable$18500$17500Inventory5540056100Acc Payable2490023900Dividends Payable2500023000

Adjust net income of $103,400 for changes in operating assets and liabilities to arrive at net cash flow from operating activities.

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