(Answered) Question - the following information is related to alpha

Accounting

Question - The following information is related to Alpha Company's fiscal year 2017.

Income Statement:

Net Income $3,000,000

Depreciation Expense 500,000

Gain on Sale of Plant Assets 50,000

Interest Expense 5,000

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

Accounts Payable ($40,000)

Plant Assets - Purchased 250,000

Plant Assets - Disposals (100,000)

Additional Information:

Common Stock exchanged for outstanding Long Term Notes Payable of $135,000

Dividends paid were $45,000

Use this information to determine Alpha Company's Net Cash Flows from Financing Activities. If the amount is an outflow then enclose the amount with dollar sign inside of brackets ( ):

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