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

           Income Statement:
                       Net Income                            $3,400,000
                       Depreciation Expense        550,000
                       Loss on Sale of Plant Assets    30,000
                       Interest Expense                           5,000
           Balance Sheet – 12/31/17: Increase (Decrease)
                       Accounts Payable decrease    50,000
                       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 ( ).