Using the below data, calculate operating cash flows using the direct method.

		Income statement 2020
Sales			1,750,000.00
COGS			- 250,000.00
Depreciation expense			- 150,000.00
Sales, General, Admin expense			- 53,000.00
R&D Expense			- 69,000.00
Wages and salary expense			- 14,400.00
Other operating expenses			- 75,000.00
EBIT			1,138,600.00
Interest expense			- 36,000.00
EBT			1,102,600.00
Income tax expense			- 664,000.00
Net Income			438,600.00

Balance sheet
				2019		2020
Assets
Cash				400,000.00		375,000.00
A/R				150,300.00		124,000.00
Inventory				90,000.00		92,000.00
Other current assets				17,000.00		15,400.00
Current assets total				657,300.00		606,400.00
Fixed assets				1,000,000.00		1,414,000.00
Accumulated depreciation				200,000.00		350,000.00
Total Assets				1,457,300.00		1,670,400.00
Liabilities
Accounts Payable				136,000.00		136,500.00
Salary and Wages Payable				60,000.00		65,000.00
Income tax payable				10,000.00		9,500.00
Other current liabilities				14,000.00		15,000.00
Total Current Liabilities				220,000.00		226,000.00
Long Term Debt				133,000.00		140,000.00
Common Stock				504,300.00		541,900.00
Retained Earnings				600,000.00		762,500.00
Total Shareholders Equity				1,104,300.00		1,304,400.00
Total Liabilities and Shareholders Equity				1,457,300.00		1,670,400.00