Valley Mills Enterprises Presented Here Are Cash Flows (In

Multiple Choice

Valley Mills Enterprises Presented here are cash flows (in $ Millions) for Valley Mills Enterprises' most recent fiscal year.
$\begin{array}{lrr}\underline{\text { Cash received from: }}\\ \text { Customers } &\$2,500\\ \text { Interest on investments } &300\\ \text { Sale of old equipment } &250\\ \text { Sale of company's capital stock } &800\\ \text { Long-term debt proceeds} &1,700\\\end{array}$


$\begin{array}{lr}\underline{\text { Cash paid for: }}\\\text { Interest on debt } & \$ 300 \\\text { Income tax } & 130 \\\text { Principal payments on debt } & 900 \\\text { Purchase of building } & 5,000 \\\text { Purchase of inventory } & 1,800 \\\text { Dividends on capital stock } & 400 \\\text { Operating expenses } & 825\end{array}$
Net cash flows provided (used) by operating activities (direct method) are ________.

A) ($255)
B) ($525)
C) ($755)
D) $570