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2. Acme Co. had the following cash flows and ending cash balance during 2019. Net cash provided by operating activities was $18,000; net cash used

2. Acme Co. had the following cash flows and ending cash balance during 2019. Net cash provided by operating activities was $18,000; net cash used in investing activities was $10,000 and net cash used in financing activities was $12,000. The cash balance on Dec 31, 2019 was $21,000. Determine Acme's cash balance on Jan 1, 2019 (1 mark)

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