(Calculating cash from operations, LO 3) You are provided the following information about Joggins Inc. (Joggins) for 2005:

Required:
Calculate cash from operations for Joggins for 2005.

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Net income Accounts receivable on January 1, 2005 Accounts receivable on December 31, 2005 = $175,000 550,000 625,000 Inventory on January 1, 2005 700,000 Inventory on December 31, 2005 610,000 Accounts payable on January 1, 2005 475,000 Accounts payable on December 31, 2005 575,000 Amortization expense 105,000