Question

Alvez reports net income of $342,500 for the year ended December 31. It also reports $113,200...

Alvez reports net income of $342,500 for the year ended December 31. It also reports $113,200 depreciation expense and a $12,250 loss on the sale of equipment. Its comparative balance sheet reveals a $49,200 increase in accounts receivable, a $12,450 decrease in prepaid expenses, a $18,950 increase in accounts payable, a $15,500 decrease in wages payable, a $91,500 increase in equipment, and a $122,500 decrease in notes payable. Calculate the net increase in cash for the year.

Multiple Choice

$220,650.

$232,900.

$434,650.

$312,150.

$343,150.

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