Use the following information for Applied Materials Corp. to answer the questions below: BALANCE SHEET BOY EOY Cash 57,000 65,000 Accounts Rec. 125,000 124,000 Inventory 15,000 20,000 Fixed Assets 240,000 270,000 175,000 175,000 Less: Accumulated Depreciation Total Assets 262,000 304,000 Accounts Payable 12,000 13,000 Long Term Debt 125,000 121,000 Notes Payable 80,000 75,000 Dividends Payable 0 50,000 Total Liabilities 217,000 259,000 Shareholders Equity 45,000 45,000 Total L & SE 262,000 304,000 INCOME STATEMENT Revenues 250,000 Gain on Sale of Assets 5,000 Depreciation Expense 20,000 Other Expenses 30,000 Cost of Goods (Inventory) 125,000 Net Income 80,000 INCOME STATEMENT Revenues 250,000 Gain on Sale of Assets 5,000 Depreciation Expense 20,000 Other Expenses 30,000 Cost of Goods (Inventory) 125,000 Net Income 80,000 Other Information: The Asset that was sold had a book value of $45,000 (not including accumulated depreciation), and was sold for $30,000. Assume all accounts payables are related to the purchase of inventory Purchases of Fixed assets were $75,000 for the year Dividends declared out of Retained Earnings for the year were $80,000 D Question 12 2 pts What is the operating cash flows for Applied Materials Corp.? Outflow of $72,000 Inflow of $72,000 Inflow of $92,000 Outflow of $92,000