Frederick, Inc. reported net income totaling $63,600. Depreciation expense for the year was $30,000. Accounts receivable decreased by $1,650, inventory increased by $3,300, dividends paid totaled $8,500, accounts payable decreased by $3,000, and taxes payable increased by $4,400. How much is the companys cash flow from operations?

		$93,350
		$77,900
		$47,900
		$99,400