(Calculating cash from operations, LO 3) You are provided the following information about Joggins Inc. (Joggins) for 2015:

Required:
Calculate cash from operations for Joggins for 2015. Provide a brief explanation for the difference between net income and cash from operations.

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Net income $222,000 Accounts receivable on January 1, 2015 595,000 Accounts receivable on December 31, 2015 520,000 Inventory on January 1, 2015 975,000 Inventory on December 31, 2015 910,000 Accounts payable on January 1, 2015 640,000 Accounts payable on December 31, 2015 595,000 Depreciation expense for 2015 310,000