Fernwood Company Is Preparing the Company's Statement of Cash Flows

Multiple Choice

Fernwood Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available: Retained earnings balance at the beginning of the year $233,000 Cash dividends declared for the year 50,000
Proceeds from the sale of equipment 85,000 Gain on the sale of equipment 4,500
Cash dividends payable at the beginning of the year 22,000 Cash dividends payable at the end of the year 30,000 Net income for the year 110,000

A) $343,000.
B) $301,000.
C) $213,000.
D) $293,000.
E) $297,500.