Cougar Company reports the following information for 20X7.

Credit sales $599,000 Collections from customers 480,000 Interest received on investments 20,000 Dividends paid to common stockholders 11,000 Cost of goods sold 335,000 Payments to inventory suppliers 339,500 Depreciation expense 25,000 Operating expenses 70,000 Payments for operating expenses 72,500 Interest and taxes paid 12,300

What is the net cash inflow from operating activities?