The differences in Beal Inc.'s Balance Sheet accounts at December 31, 20X4 and 20X3, are presented below: Assets Increase (Decrease) Cash and cash equivalents $ 120,000 Short-term investments 300,000 Account receivable, net - Inventory 80,000 Long-term investments (100,000) Plant assets 700,000 Accumulated depreciation - $1,100,000 Liabilities and Stockholders' Equity Accounts payable and accrued liabilities $ (5,000) Dividends payable 160,000 Short-term bank debt 325,000 Long-term debt 110,000 Common Stock, $10 par 100,000 Additional paid-in capital 120,000 Retained Earnings 290,000 $1,100,000 The following additional information relates to 20X4: Net income was $790,000. Cash dividends of $500,000 were declared. Building costing $600,000, with a carrying amount of $350,000, was sold for $350,000. Equipment costing $110,000 was acquired through issuance of long-term debt. A long-term investment was sold for $135,000. There were no other transactions affecting long-term investments. These investments are categorized as available for sale. 10,000 shares of common stock were issued for $22 a share. The short-term investments are classified as trading securities. In Beal's 20X4 Statement of Cash Flows, net cash provided by operating activities was