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

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The Answer of 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

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