Wellington,Inc A)$287,400
B)$294,500
C)$260,300
D)$296,100

Wellington,Inc.uses the direct method to prepare its statement of cash flows.Refer to the following financial statement information for the year ended December 31,2017: $\begin{array}{c}\text {Wellington, Inc.}\\\text {Income Statement}\\\text {December 31, 2017}\\\begin{array}{|l|r|l|}\hline & 2017 & 2016 & \begin{array}{r}\text { Increase } \\\text { (Decrease }\end{array} \\\hline \text { Sales Revenue } & \$ 289,600 & & \\\hline \text { Interest Revenue } & 2,700 & & \\\hline \text { Gain on Sale of Plant Assets } & 6,000 & &\\\hline \text { Total Revenues and Gains } & & \$ 298,300 \\\hline \text { Cost of Goods Sold } & 145,000 & \\\hline \text { Salaries and Wages Expense } & 49,700 & \\\hline \text { Depreciation Expense - Plant Assets } & 16,000& \\\hline \text { Other Operating Expense } & 24,300 & \\\hline \text { Interest Expense } & 3,500 & \\\hline \text { Income Tax Expense } & \text { 7,800 } & \\\hline \text { Total Expenses } & & 246,300 \\\hline \text { Net Income } & & \$ 52,000 \\\hline\end{array}\end{array}$

A) $287,400
B) $294,500
C) $260,300
D) $296,100