Newfound Aerial Photography Corp had the following account balance changes at the end of the year. Negative changes are shown in parenthesis.
Accounts Receivable $13,870
Prepaid Expenses ($1,400)
Inventory $15,500
Accumulated Depreciation $8,000
Accounts Payable ($2,655)
Taxes Payable $12,950
If Newfound produced Net Income of $225,500, what was Newfound's cash flow from operating activity? Show how you arrive at the cash flow value (25 points).