Neuman Corporation has earned a Net income of $400,000 during the year 2021. Use the following data, and calculate the amount of Cash Flow generated by Operating Activities for the year ended December 31, 2021

Assets

2020

2021

Cash

$45,000

$50,000

Marketable Securities

175,000

160,000

Accounts Receivable

240,000

220,000

Inventories

230,000

275,000

Investments

70,000

55,000

Total current assets

$760,000

$760,000

Plant and Equipment

1,300,000

1,550,000

Less Accumulated Amortization

450,000

600,000

Net plant and Equipment

$850,000

$950,000

Total Assets

1,610,000

1,710,000

LIABILITIES AND SHAREHOLDERS EQUITY

Accounts payable

$110,000

$85,000

Notes payable

65,000

10,000

Accrued Expenses

30,000

5,000

Income Taxes Payable

5,000

10,000

Bonds Payable (20X6)

800,000

900,000

Common Stock (100,000 shares)

200,000

200,000

Retained Earnings

400,000

500,000

Total Liabilities and Shareholders Equity

$1,610,000

$1,710,000