Question: Based on the information in the table below, what is the companys ending cash balance at the end of the year? Beginning cash balance $80,000

Based on the information in the table below, what is the companys ending cash balance at the end of the year?

Beginning cash balance

$80,000

Activities during the year

Decrease in Accounts Payable

$20,000

Decrease in Accounts Receivables

$10,000

Depreciation Expense

$15,000

Net Income

$90,000

Sale of fixed assets

$50,000

Sale of common stock

$30,000

Decrease in Notes Payable

$40,000

Dividends Paid

$60,000

Answer options : A- $175,000 , B- $155,000, C -$135,000

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