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Mayweather reports net income of $315.000 for the year ended December 31. Il also reports $98.900 depreciation expense and a $10.500 loss on the sale
Mayweather reports net income of $315.000 for the year ended December 31. Il also reports $98.900 depreciation expense and a $10.500 loss on the sale of equipment. Ils comparative balance sheet reveals a $42.600 increase in accounts receivable, a $10,800 decrease in prepaid expenses, a $16,200 increase in accounts payable, a $13,200 decrease in wages payahle, a $79,400 increase in equipment, and a $106.000 decrease in notes payable. Calculate the net increase in cash for the year. O $289,600 0 $220.800 O $210.200 O $395.600 $316,200
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