Cash Flow from Operating Activities

Prior Year Activity for Seville Corporation:

Accounts payable increase $13,500

Accounts receivable increase 6,000

Accrued liabilities decrease 4,500

Amortization expense 9,000

Cash balance, January 1 33,000

Cash balance, December 31 22,500

Cash paid as dividends 43,500

Cash paid to purchase land 135,000

Cash paid to retire bonds payable at par 90,000

Cash received from issuance of common stock 52,500

Cash received from sale of equipment 25,500

Depreciation expense 43,500

Gain on sale of equipment 6,000

Inventory decrease 19,500

Net income 114,000

Prepaid expenses increase 3,000

Using the information above, calculate Seville Corporation's cash flow from operating activities.