Working Backward: Debt Service Coverage Madison Corp. reported the following in the Current Assets section of its comparative balance sheets: December 31, 2017 December 31, 2016 Current Liabilities: Current portion of notes payable $412,000 $598,000 Supplemental information at the bottom of Madison's 2017 statement of cash flows was as follows: 2017 2016 Interest paid $138,500 $151,300 Income taxes paid 538,200 429,300 Madison's 2017 debt service coverage ratio was 21 to 1. Determine Madison's cash flow from operations for 2017.