22

Analysis reveals that a company had a net increase in cash of $21,980 for the current year. Net cash provided by operating activities was $19,800; net cash used in investing activities was $10,900 and net cash provided by financing activities was $13,080. If the year-end cash balance is $26,700, the beginning cash balance was:

$4,720.

$17,260.

$48,680.

$43,960.

$42,960.