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The following information is related to Towson Company's fiscal year 2018. Income Statement: $3,500,000 600,000 Net Income Depreciation Expense Loss on Sale of Plant Assets

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The following information is related to Towson Company's fiscal year 2018. Income Statement: $3,500,000 600,000 Net Income Depreciation Expense Loss on Sale of Plant Assets 60,000 Interest Expense 5,000 Balance Sheet - 12/31/17: Increase (Decrease) Accounts Payable decrease 35,000 Plant Assets Purchased 250,000 Plant Assets - Disposals (100,000) Additional Information: Common Stock exchanged for outstanding Long Term Notes Payable of S125,000 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 ( ). Your

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