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Use the following information to calculate the change in a company's cash balance for the year.
Credit Sales = $800,000
Cash Sales = $500,000
Operating Expenses on credit = $200,000
Cash Operating Expenses = $700,000
Accounts Receivable (Beg. of year) = $50,000
Accounts Receivable (End of year) = $80,000
Accounts payable (beg. of year) = $50,000
Accounts payable (end of year) = $100,000 Income Taxes Paid = $160,000
A) $260,000
B) $145,000
C) $365,000
D) $180,000
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