Colley Company prepared the following income statement for 2020: Sales Cost of goods sold Gross profit $242 175 67 Operating expenses: Salaries expense $ 12 Depreciation expense 15 Rent expense 5 32 Operating income Loss on sale of land 35 (6) $ 29 Net income Also, the company's December 31 balance sheet revealed the following: 2020 2019 Accounts payable $24 $15 Accounts receivable 33 14 Land 78 60 Inventory 27 20 Wages payable 7 8 The net increase (decrease) in cash from operating activities for 2020 was: Select one: a. 32 b. 14 c. 24 d. 68 e. None of the above