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Charles Mack: Attempt 1 I I r The following information is related to Towsou Company's scal year 2020. Income Statement: Net Income $3,400,000 Depreciation

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Charles Mack: Attempt 1 \\ I I r The following information is related to Towsou Company's scal year 2020. Income Statement: Net Income $3,400,000 Depreciation Expense 350,000 Loss on Sale ofPlant Assets 40,000 Interest Expense 5,000 Balance Sheet - 12/31117: Increase (Decrease) Accounts Payable decrease 40,000 Plant Assets Purchased 250,000 Plant Assets Disposals (100,000) Additional Information: Common Stock exchanged for outstanding Long Term Notes Payable of3125,000 v Dividends paid were $30,000 Use this information to determine Towson Company's Net Cash Flows from Operating Activities. 11' the amount is an outow then enclose the amount with dollar sign inside of brackets (). Your

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