A Question 63 (2 points) 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 Operating Activities the following amount of cash: $460,000 $360,000 $380,000 $260,000