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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

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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: $610,000 ($140,000)

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