Smith Company provided the following information on selected transactions for 2019:

Net income	$20,000,000
Proceeds from short-term borrowings	1,200,000
Proceeds from long-term borrowings	4,000,000
Purchases of fixed assets	3,200,000
Decrease in inventories	8,000,000
Proceeds from sale of Smith's common stock	2,000,000
Depreciation expense	500,000

What is the net increase in cash for the year ended December 31, 2019, as a result of the preceding information?