Sheryls Shipping had sales last year of $20,000. The cost of goods sold was $8,500, general and administrative expenses were $3,000, interest expenses were $2,500, and depreciation was $3,000. The firms tax rate is 40%. Assume that there was a net working capital investment of $500 (i.e., change in NWC = $500).

What is the cash flow for Sheryls Shipping?

Please show calculations by hand.