Given the following selected information on Cicalese,s Chocolate , Inc., calculate cash flow from operating activities for the year 20X1.

Dec 31, 20x0 Dec 31, 20x1

EAT $600,000 $780,000

Depreciation exp.$100,000 $120,000

Dividends $400,000 $550,000

Accounts Receivable $1,500,000$2,000,000

Inventory $3,500,000 $2,000,000

Accts Payable and accruals $350,000 $500,000

Long Term Debt $2,300,000$3,000,000

Common Stock $2,200,000 $2,500,000

Retained Earnings $6,150,000 $6,350,000

Your answer