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Mast Company reports net income of $355,000 for the year ended December 31 it also reports $119,700 depreciation expense and a $13,000 loss on the
Mast Company reports net income of $355,000 for the year ended December 31 it also reports $119,700 depreciation expense and a $13,000 loss on the sale of equipment. Its comparative balance sheet reveals a $52.200 increase in accounts receivable, & $13,200 decrease in prepaid expenses, a $20,200 Increase in accounts payable, and a $16,500 decrease in wages payable. Calculate the net increase in cash for the year Multiple Choice $326,000 $238,400 $452,400- $355.400 $322.400
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