Calculate the year-end cash balance of the company according to the information below.

Cash Balance at the Beginning of the Year $80,000

Activity During the Year

Increase in Accounts Payable $60,000

Reduction in Accounts Receivable $40,000

Depreciation Expense $500,000

Net Income $2,000,000

 Fixed Asset Purchase  $800,000

Common Stock Sales $100,000

Reduction in Notes Payable $85,000

Dividends Paid $15,000

Answer rating: 100% (QA)

Answer is 1880000 Cash flow from operating activities Net income Depreciation expense Decre... View the full answer