Use the following cash flow data of Haven Hardware for the year ended December 31, 2020. Cash Dividend $ 71,000 Purchase of Land $ 29,000 Cash Payment on Interest $ 22,000 Cash Payment on Salaries $ 91,000 Sales of Equipment $ 77,000 Retirement of Common Stock $ 51,000 Purchase of Equipment $ 61,000 Cash Payments to Suppliers $ 171,000 Cash Collections from Customers $ 505,000 Cash at the Beginning of the year $ 100,000

What is the net increase or decrease in cash for Haven Hardware for 2020?

Multiple Choice

$102,000 net decrease

$86,000 net decrease

$86,000 net increase

$186,000 net increase