The Tower Company has the following selected financial data (not all of which is necessary for this problem!).What is the cash provided byoperatingactivities (note: not investing or financing)?

Cash balance 5/31/2010...$5,000

Cash balance 6/30/2010.$15,000

Net income for June 2010 $350,000

Accounts receivable 5/31/2010..$25,000

Accounts receivable 6/30/2010..$45,000

Accounts payable, 5/31/2010$100,000

Accounts payable, 6/30/2010$120,000

Inventory 5/31/2010.$120.000

Inventory 6/30/2010$115,000

Property, plant and equipment, gross 5/31/2010.$2,500,000

Property, plant and equipment, gross 6/30/2010.$2,700,000

Accumulated depreciation, 5/31/2010..$120,000

Accumulated depreciation, 6/30/2010.$150,000

Depreciation expense for June 201040,000

Notes payable, 5/31/2010.$400,000

Notes payable 6/30/2010..$425,000

Dividends paid in June 2010 ..$10,000