Working Backward: Debt Service Coverage Madison Corp. reported the following in the Current Assets section of its comparative balance sheets: December 31, 2017 December 31, 2016 Current Liabilities: Current portion of notes payable $385,000 $611,000 Supplemental information at the bottom of Madison's 2017 statement of cash flows was as follows: 2017 2016 Interest paid $131,800 $158,500 Income taxes paid 532,400 429,600 Madison's 2017 debt service coverage ratio was 14 to 1. Determine Madison's cash flow from operations for 2017. $ 4,718,900 x