Darden Bottling Company has the following information available for the first six months of 2004:

Cash collected from customers .............$268,000

Cash paid merchandise inventory ............ 83,500

Cash paid for utilities ................. 20,000

Cash paid for insurance ................ 23,000

Cash paid for equipment ................. 76,500

Cash paid to employees ................ 57,500

Cash paid for postage ................. 7,500

Cash paid to owners ................... 5,000

Cash received from sale of old equipment ......... 18,500

Determine the cash flow from operating activities for the six-month period.