The statement of income and expenses of a company shows a net income of $ 120,000. The depreciation expense was $ 50,000; there was a gain on sale of fixed assets of $ 80,000 and an increase in dividends payable of $ 30,000. The cash generated (inflow) or used (outflow) by operating activities was:

1. $120,000 net inflow

2. $90,000 net inflow

3. $250,000 net inflow

4. $280,000 net inflow