Ramon Company reports net income of $305,000 for the year ended December 31, 2019. It also reports $93,700 depreciation expense and a $10,000 loss on the sale of equipment. Its comparative balance sheet reveals a $40,200 increase in accounts receivable, a $10,200 decrease in prepaid expenses, a $15,200 increase in accounts payable, a $12,500 decrease in wages payable, a $75,000 increase in equipment (cash is involved), and a $100,000 decrease in long - term notes payable (cash is involved). Calculate the increase in cash for Year ended December 31, 2019. Select one: a. $381,400. b. $206,400. c. $281,400. d. $216,400.

Select one: a. payment of dividends. b. sale of treasury stock. c. payment of principal amounts of long-term debt. d. payment of interest on long-term debt

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