An analysis of Karman Corporation's Investment in Marketable Securities account during Year 2 disclosed the following:

Debit entries	$ 165,000
Credit entries	250,000

Karman's Year 2 income statement included a $42,500 gain on sale of marketable securities and $35,000 dividend income from marketable securities. All payments and proceeds relating to marketable securities transactions were in cash.

The cash proceeds received by Karman Corporation in Year 2 for the sale of marketable securities was:

Multiple Choice

$292,500.

$250,000.

$165,000.

$242,500.