Can someone please help me with this.
Purple Company's cash balance at December 31, 2009, was $136,000. Calculate the company's cash balance at December 31, 2010, given the following information for the year ended December 31, 2010. Show your work.
Net Income
$370,000
Depreciation and Amortization Expense
98,000
Increase in Accounts Receivable (net)
14,000
Decrease in Inventory
25,000
Increase in Accounts Payable
20,000
Net Cash Flows from Investing Activities
133,000
Net Cash Flows from Financing Activities
(600,000)
Purple Company's cash balance at December 31, 2009, was $136,000. Calculate the company's cash balance at December 31, 2010, given the following information for the year ended December 31, 2010. Show your work.
Net Income
$370,000
Depreciation and Amortization Expense
98,000
Increase in Accounts Receivable (net)
14,000
Decrease in Inventory
25,000
Increase in Accounts Payable
20,000
Net Cash Flows from Investing Activities
133,000
Net Cash Flows from Financing Activities
(600,000)
