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 $400,000 $600,000 Supplemental information at the bottom of Madisons 2017 statement of cash flows was as follows: 2017 2016 Interest paid $135,000 $155,000 Income taxes paid 550,000 425,000 Madisons 2017 debt service coverage ratio was 20 to 1.

Determine Madisons cash flow from operations for 2017.

$