Mayberry's statement of cash flow is completed using the visual inspection method. Information regarding the Mayberry Company in 2016 appears below: Net income $140,000 Dividends paid 20,000 Decrease in inventory 15,000 Increase in accounts payable 30,000 Proceeds from issue of common stock 70,000 Depreciation expense 10,000 ? What was Mayberry's net increase in cash?
A) $190,000
B) $225,000
C) $245,000
D) $255,000
C
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