Answer:
Cash at 31 December 2020 is $ 457,000.00
Explanation:
The cash balance as the end of year December 31 2020 is the net cash provided by operating activities, minus net cash used by investing activities plus net cash provided by financing activities plus the beginning cash balance as at January 1 2020.
Net cash provided by operating activities is $480,000
net cash used by investing activities is $896,000
net cash provided by financing activities is $532,000
beginning cash balance is $341,000
closing cash balance=$480,000-$896,000+$532,000+$341,000=$457,000.00
