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 600,000 710,000

Depreciation Exp 100,000 130,000

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 Debts 2,300,000 3,000,000

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

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