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QUESTION

The following information is related to Alpha Company's fiscal year 2017. Income Statement:

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 $125,000

                       Dividends paid were $30,000

Use this information to figure out Alpha Company's Net Cash Flows from Investing Activities. If the amount is an outflow then enclose the amount with dollar sign inside of brackets

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