Use the following cash flow data of Haven Hardware for the year ended December 31, 2012.

Cash Dividend $ 84,000 Purchase of Land $ 42,000 Cash Payment on Interest $ 48,000 Cash Payment on Salaries $ 104,000 Sales of Equipment $ 90,000 Retirement of Common Stock $ 64,000 Purchase of Equipment $ 74,000 Cash Payments to Suppliers $ 184,000 Cash Collections from Customers $ 570,000 Cash at the Beginning of the year $ 100,000

What is the net increase or decrease in cash for Haven Hardware for 2012?

a. $76,000

b. $60,000

c. $60,000

d. $160,000