Reference no: EM132637091
Question - Dela Pena Company provided the following data for the current year:
Cash balance, beginning of year 1,300,000
Cash flow from financing activities 1,000,000
Total shareholders' equity, end of year 2,300,000
Cash flow from operating activities 400,000
Cash flow from investing activities (1,500,000)
Total shareholders' equity, beginning of year 2,000,000
Required - How much is the cash balance at the end of the year?