Given the following selected information on McMillen's Chocolate, Inc., calculate Cash Flow from Operating Activities for 2012. Show your work.

2011 2012

EAT (Net Income) $600,000 $750,000

Depreciation Exp. $100,000 150,000

Dividends 400,000 550,000

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

Inventory 3,500,000 2,000,000

Accts. Payable/Accr. 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