Mast Company reports net income of $312,500 for the year ended December 31. It also reports $97,600 depreciation expense and a $10,450 loss on the sale of equipment. Its comparative balance sheet reveals a $42,000 increase in accounts receivable, a $10,650 decrease in prepaid expenses, a $15,950 increase in accounts payable, a $13,100 decrease in wages payable, a $78,300 increase in equipment, and a $104,500 decrease in long-term notes payable. Calculate the net increase in cash for the year.

Multiple Choice

• $392,050.

• $287,550.

• $209,250.

• $313,750.

• $219,700.