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$145,600. Question 12 1 pts Mayweather reports net income of $307,500 for the year ended December 31. It also reports $95,000 depreciation expense and a

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$145,600. Question 12 1 pts Mayweather reports net income of $307,500 for the year ended December 31. It also reports $95,000 depreciation expense and a $10.150 loss on the sale of equipment (a long-term asset). Its comparative balance sheet reveals a $40,800 increase in accounts receivable, a $10,350 decrease in prepaid expenses, a $15,450 increase in accounts payable, a $12,700 decrease in wages payable, a $76,100 increase in equipment (a long-term asset), and a $101,500 decrease in notes payable (a long-term liability). Calculate the net increase in cash for the year. $384,950 $217,500. $308,850. $207,350 $283,450 Question 13 1 pts Martinez Corporation reported net sales of $771,000, net income of $136,000

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