The following information is related to Towson Company's fiscal year 2020. Income Statement: Net Income

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answerhappygod
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The following information is related to Towson Company's fiscal year 2020. Income Statement: Net Income

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The following information is related to Towson Company'sfiscal year 2020.
IncomeStatement:
NetIncome $2,500,000
DepreciationExpense 400,000
Losson Sale of Plant Assets 70,000
InterestExpense 5,000
BalanceSheet - 12/31/17: Increase (Decrease)
AccountsPayable decrease 20,000
PlantAssets - Purchased 250,000
PlantAssets -Disposals (100,000)
AdditionalInformation:
CommonStock exchanged for outstanding Long Term Notes Payable of$125,000
Dividendspaid were $30,000
Use this information to determine Towson Company's NetCash Flows from Operating Activities. If the amount is an outflowthen enclose the amount with dollar sign inside of brackets ().
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