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DeMarzo Corporation reported net income for 2020 of $300,000, sales of $640,000, expenses (excluding depreciation) of $180,000, and depreciation expense of $60,000. The company's accounts


DeMarzo Corporation reported net income for 2020 of $300,000, sales of $640,000, expenses (excluding depreciation) of $180,000, and depreciation expense of $60,000. The company's accounts receivable balance increased by $50,000 during the year and its accounts payable balance remained the same. The company's change in cash for the year is estimated to be

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