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80 (1 point) Over the past year Company "X" experienced the following: raised $150,000 by...

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Accounting

80 (1 point) Over the past year Company "X" experienced the following: raised $150,000 by issuing new common shares; had a net income of $300,000; bought $600,000 of new equipment; had depreciation of $60,000; reduced inventories by $100,000; borrowed $200,000 from the bank; sold old equipment for $400,000; paid off a bank loan of $90,000. For the year, Company "X" raised from Financing Activities the following amount of cash: $250,000 ($250,000) $260,000. $0

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