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Mast Company reports net income of $330,000 for the year ended December 31, it also reports $106,700 depreciation expense and a $11,500 loss on the
Mast Company reports net income of $330,000 for the year ended December 31, it also reports $106,700 depreciation expense and a $11,500 loss on the sale of equipment. Its comparative balance sheet reveals a $46,200 increase in accounts receivable, a $11,700 decrease in prepaid expenses, a $17700 increase in accounts payable, and a $14,500 decrease in wages payable. Calculate the net increase in cash for the year. Mutiple Choice O O $416,900 $301,900 $318,600 $330.900 $227,400
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