The following information has been extracted from the accounts of Meehan Leisure Ltd., a company with a chain of leisure centeres in Ireland Operating profit for the year After charging: Depreciation Increase in provision for bad debts Loss on sale of fixed assets $ 1,000,000 245,000 17,000 14,000 During the year, loan interest paid amounted to $70,000 and corporation tax paid amounted to $213,000 Information on working capital levels at the beginning and end of the period is as follows: Current assets Inventory Accounts receivable Prepayments Current liabilities Accounts payable Accruals Required 1-Jan S 31-Dec $ 27,500 24,300 32,000 34,000 15,000 14,000 42,000 46,000 17,000 15,000 You are required to calculate the net cash generated from operating activities for the year.