Question: please can help me step by step please Exercise 13-10 Working Backward: Debt Service Coverage LO5 Madison Corp, reported the following in the Current Assets

please can help me step by step please

Exercise 13-10 Working Backward: Debt Service Coverage LO5 Madison Corp, reported the following in the Current Assets section of its comparative balance sheets: EXAMPLE 13- December 31, 2017 December 31, 2016 Current Liabilities Current portion of notes payable $400,000 5600,000 Supplemental information at the bottom of Madison's 2017 statement of cash flows was as follows: 2016 Interest paid $135,000 $155,000 Income taxes paid 550,000 425,000 Madison's 2017 debt service coverage ratio was 20 to 1. Determine Madison's cash flow from operations for 2017 2017

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