Net increase in cash for the year

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Reference no: EM13915007

Alvez reports net income of $315,000 for the year ended December 31. It also reports $98,900 depreciation expense and a $10,600 loss on the sale of equipment. Its comparative balance sheet reveals a $42,600 increase in accounts receivable, a $10,800 decrease in prepaid expenses, a $16,200 increase in accounts payable, a $13,300 decrease in wages payable, a $79,400 increase in equipment, and a $106,000 decrease in notes payable. Calculate the net increase in cash for the year.

a $220,800.

b $210,200.

c $395,600.

d $316,200.

e $289,600

Reference no: EM13915007

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