Information concerning the non-current assets of EFG Co is detailed in the table below. During the year non-current assets which had cost $80,000 and which had a carrying amount of $30,000 were sold for $20,000. The final figure for net cash flows from operating activities for the year was $300,000. Start of year End of year $ $ Cost 180,000 240,000 Accumulated depreciation (120,000) (140,000) Carrying amount 60,000 100,000 Non-current assets were not revalued during the year. What was the increase in cash and cash equivalents for the year? $240,000 $260,000 $180,000 $320,000