Bedford Corp. began the year with $15,000 in cash and another $8,500 in cash equivalents. During the

Question:

Bedford Corp. began the year with $15,000 in cash and another $8,500 in cash equivalents. During the year, operations generated $140,000 in cash. Net cash used in investing activities during the year was $210,000, and the company raised a net amount of $180,000 from financing activities.

Required
Determine the year-end balance in cash and cash equivalents.