Alvez reports net income of $345,000 for the year ended December 31. It also reports $114,500 depreciation expense and a $12,400 loss on the sale of equipment. Its comparative balance sheet reveals a $49,800 increase in accounts receivable, a $12,600 decrease in prepaid expenses, a $19,200 increase in accounts payable, a $15,700 decrease in wages payable, a $92,600 increase in equipment, and a $124,000 decrease in notes payable. Calculate the net increase in cash for the year.

Multiple Choice

• A $314,200.

• B $438,200.

• C $221,600.

• D $234,000.

• E $345,600