Income Statement

For the year ended December 31, 2019

Sales Revenue	$347,000
Cost of Goods Sold	(78,000)
Gross Profit	$269,000
Selling and Administrative Expenses	(43,900)
Operating Income	225,100
Gain on Sale of Equipment	5,500
Net Income	$230,600

All of the companys sales are made on account. At the beginning of the year, the Accounts Receivable balance was $53,500. The balance had decreased to $50,200 by year-end.

All of the companys inventory purchases are made on account. Accounts Payable consists solely of inventory purchases. At the beginning of the year, the Inventory balance was $60,400. By year-end, the balance had increased by $4,900. The net decrease in the Accounts Payable balance during the year was $1,100.

Included in Selling and Administrative Expenses are the following: depreciation expense of $12,300 and bad debt expense of $1,000. All cash operating expenses are paid when incurred.

What was the companys 2019 net cash flows from operating activities?