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

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

            Income Statement:

                        Net Income                             $2,500,000

                        Depreciation Expense        500,000

                        Loss on Sale of Plant Assets    40,000

                        Interest Expense                            5,000

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

                        Accounts Payable decrease    35,000

                        Plant Assets - Purchased       250,000

                        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 ( ).