Question 17 (2 points) 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 $750,000 of new equipment; had depreciation of $60,000; increased inventories and accounts payable by $100,000 each; borrowed $220,000 from the bank; sold old equipment for $140,000; and repaid a $100,000 mortgage For the year, Company "X" raised from Operating Activities the following amount of cash: ($630,000) $270,000 $1,110,000 $1,170,000