Which company x raised from investing activities

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Problem 1: Over the past year Company "X" experienced the following: raised $100,000 by issuing new common shares; had a net income of $210,000; bought $610,000 of new equipment; had depreciation of $60,000; reduced inventories by $900,000; borrowed $120,000 from the bank; sold old equipment for $750,000. For the year, Company "X" raised from Investing Activities the following amount of cash:

Option 1: $140,000

Option 2: $610,000

Option 3: ($610,000)

Option 4: ($140,000)

Reference no: EM132941654

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