The following information is related to Towson Company's fiscal year 2020. Income Statement: Net Income...
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The following information is related to Towson Company's fiscal year 2020. Income Statement: Net Income $3,900,000 Depreciation Expense 300,000 Loss on Sale of Plant Assets 40,000 Interest Expense 5,000 Balance Sheet - 12/31/20: Increase (Decrease) Accounts Payable decrease 50,000 Plant Assets - Purchased 250,000 Plant Assets - Disposals (100,000) Additional Information: Common Stock exchanged for outstanding Long Term Notes Payable of $125,000 Dividends paid were $30,000 Use this information to determine Towson Company's Net Cash Flows from Operating Activities. If the amount is an outflow then enclose the amount with dollar sign inside of brackets ( ). Your Answer:
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