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15 (5 points) The following information is related to Towson Company's fiscal year 2020. Income Statement: Net Income $4,000,000 Depreciation Expense 600,000 Loss on Sale

15 (5 points) The following information is related to Towson Company's fiscal year 2020. Income Statement: Net Income $4,000,000 Depreciation Expense 600,000 Loss on Sale of Plant Assets 35,000 Interest Expense 5,000 Balance Sheet - 12/31/17: Increase (Decrease) Accounts Payable decrease Plant Assets - Purchased Plant Assets Disposals 30,000 250,000 (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

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