The following pertains to the Excelsior Corp. for the year ended December 31, 2014. Depreciation expense $ 12,000 Issuance of common stock 105,000 18,600 43,500 68,700 27,600 Cash dividends paid Increase in inventory A decrease in accounts receivable A decrease in accounts payable Retirement of long-term debt Net income Proceeds from sale of equipment (515,000 loss) Purchase of equipment Cash and cash equivalents, beginning of year ...... 120,000 150,000 63,000 84.000 200,000 Based on the above-given information, the statement of cash flows should present a cash flow from operating activities with an amount equal to