Question

Given the following selected information on Cicaleses Chocolate, Inc., calculateCash Flow from Operating Activities for the year 20X1.

	Dec 31, 20X0	Dec 31, 20X1
EAT	$ 600,000	$ 800,000
Depreciation Exp.	100,000	140,000
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