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Determine towson companys net cash flows

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Reference no: EM132367143

Question

The following information is related to Towson Company's fiscal year 2018. Income Statement:

Net Income

S3,800,000

Depreciation Expense

400,000

Loss on Sale of Plant Assets

70,000

Interest Expense

5,000

Balance Sheet - 12/31/17: Increase (Decrease)

Accounts Payable decrease

15,000

Plant Assets - Purchased

250,000

Plant Assets - Disposals

(100,000)


Additional Information:

Common Stock exchanged for outstanding Long Term Notes Payable of S125,000 Dividends paid were 530,000.

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 ( ).

Reference no: EM132367143

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