Question: I am having issues with this homework question if you could show your work: The following information is related to Towson Company's fiscal year 2018.

I am having issues with this homework question if you could show your work:

The following information is related to Towson Company's fiscal year 2018.

Income Statement:

Net Income$2,500,000

Depreciation Expense500,000

Loss onSaleof Plant Assets40,000

Interest Expense5,000

Balance Sheet - 12/31/17: Increase (Decrease)

Accounts Payabledecrease35,000

Plant Assets - Purchased250,000

Plant Assets - Disposals(100,000)

-Additional Information:

Common Stock exchanged for outstanding Long Term Notes Payable of $125,000

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 ( ).

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