14. Question 14 (4 points)
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 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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