Cougar Company reports the following information for 20X7.
Credit sales $599,000
Collections from customers 480,000
Interest received on investments 20,000
Dividends paid to common stockholders 11,000
Cost of goods sold 335,000
Payments to inventory suppliers 339,500
Depreciation expense 25,000
Operating expenses 70,000
Payments for operating expenses 72,500
Interest and taxes paid 12,300
What is the net cash inflow from operating activities?