Over the past year Company "x" experienced the following raised $100,000 by issuing new common shares; had a net incomeof $210,000; bought $750,000 of new equipment ; had depreciation of $60,000; increased inventories by $900,000; borrowed $120,000 from the bank; sold old equipment for $610,000. For the year, Company "X" raised from operating Activities the following amount of cash:
a. (630,000)
b. 1,110,000
c. 1,170,000
d. 270,000