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 generate partial Statement of Cash Flows for Alpha Company. Prepare only the section related to Cash Flows from Operating Activities.

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