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The following information is related to Towson Company's fiscal year 2018. Income Statement: Net Income S3,000,000 Depreciation Expense 600,000 Loss on Sale of Plant Assets

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The following information is related to Towson Company's fiscal year 2018. Income Statement: Net Income S3,000,000 Depreciation Expense 600,000 Loss on Sale of Plant Assets 45,000 Interest Expense Balance Sheet - 12/31/17: Increase (Decrease) Accounts Payable decrease 25,000 Plant Assets - Purchased 250,000 Plant Assets - Disposals (100,000) 5,000 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 ()

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