Racing Horse Corporation Reported Net Income for 2010 of $200,000,sales

Multiple Choice

Racing Horse Corporation reported net income for 2010 of $200,000,sales of $540,000,expenses (excluding depreciation) of $180,000,and depreciation expense of $60,000.The company's accounts receivable balance increased by $40,000 during the year and its accounts payable balance remained the same.The company's change in cash for the year is estimated to be

A) $100,000.
B) $160,000.
C) $220,000.
D) $380,000.