Chaucer Corporation has provided the following information for the year just ended: Cash sales totaled $150,000, Credit sales totaled $325,000, Cash collections from customers for services that have not been provided yet totaled $22,000. There was a $5,000 gain from the sale of property and equipment. Interest expense totaled $8,500. Dividends paid totaled $125,000. How much did net income increase due to these items? $471,500 $475,000 $346,500 $368,500