Mayweather reports net income of $317,500 for the year ended December 31. It also reports $100,200 depreciation expense and a $10,750 loss on the sale of equipment. Its comparative balance sheet reveals a $43,200 increase in accounts receivable, a $10,950 decrease in prepaid expenses, a $16,450 increase in accounts payable, a $13,500 decrease in wages payable, a $80,500 increase in equipment, and a $107,500 decrease in notes payable. Calculate the net increase in cash for the year.

Multiple Choice

• $399,150.

• $211,150.

• $291,650.

• $221,900.

• $318,650.