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Given the Following Data:
Income Statement
for the Year Ended

Question 160

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Given the following data:
Income Statement
For the Year Ended DeC. 31, 2011  Net sales $750,000 Cost of goods sold (400,000) Cash operating expenses (200,000) Depreciation and amortization expense (50,000) Gain on sale of equipment 30,000 Net income $130,000\begin{array} { | l | l | } \hline \text { Net sales } & \$ 750,000 \\\hline \text { Cost of goods sold } & ( 400,000 ) \\\hline \text { Cash operating expenses } & ( 200,000 ) \\\hline \text { Depreciation and amortization expense } & ( 50,000 ) \\\hline \text { Gain on sale of equipment } & 30,000 \\\hline \text { Net income } & \$ 130,000 \\\hline\end{array} Additional information:
1. Increase in accounts receivable during 2011 - $25,000
2. Decrease in inventory during 2011 - $13,000
3. Decrease in accounts payable during 2001 - $28,000
4. Sale of old equipment for cash - $65,000
5. Dividends declared - $45,000; dividends paid - $40,000
6. New building acquired by issuing common shares - $42,000
7. Sold bonds for cash - proceeds of $75,000
What was net cash inflow (outflow) from operating activities during 2011?

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