Question $1(2$ points$)$

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ver the past year Company $"$X$"$ experienced the following: raised $$100,000$ by issuing new common shares; had a net income of $$210,000$; bought $$750,000$ of new equipment; had depreciation of $$60,000$; increased inventories and accounts payable by $$100,000$ each; borrowed $$220,000$ from the bank; sold old equipment for $$140,000$; and repaid a $$100,000$ mortgage For the year, Company $"$X$"$ raised from Operating Activities the following amount of cash:

$($$$630,000)$

$$1,110,000$

$$270,000$

$$1,170,000$