Statement of Cash Flows (Indirect Method) Arctic Company's income statement and comparative balance sheets follow.

ARCTIC COMPANY
Income Statement
For Year Ended December 31, 2019
Sales		$1,456,000
Cost of goods sold	$1,068,000
Wages expense	380,000
Advertising expense	62,000
Depreciation expense	44,000
Interest expense	36,000
Gain on sale of land	(50,000)	1,540,000
Net loss		$(84,000)

ARCTIC COMPANY
Balance Sheet
	Dec. 31, 2019	Dec. 31, 2018
Assets
Cash	$98,000	$56,000
Accounts receivable	84,000	100,000
Inventory	214,000	226,000
Prepaid advertising	20,000	26,000
PPE	720,000	444,000
Accumulated depreciation	(156,000)	(112,000)
Total assets	$980,000	$740,000
Liabilities and Stockholders' Equity
Accounts payable	$34,000	$62,000
Interest payable	12,000	-
Bonds payable	400,000	-
Common stock	490,000	490,000
Retained earnings	104,000	188,000
Treasury stock	(60,000)	-
Total liabilities and equity	$980,000	$740,000

During 2019, Arctic sold land for $140,000 cash that had originally cost $90,000. Arctic also purchased equipment for cash, acquired treasury stock for cash, and issued bonds payable for cash in 2019. Accounts payable relate to merchandise purchases. Required a. Compute the change in cash that occurred during 2019. Note: Do not use a negative sign with your answer. $Answer

AnswerIncrease in cashDecrease in cashNeither an increase or decrease in cash