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5. In 2016, Foolad Company had cash flow from investing activities of (- $110,000), and cash flow from financing activities of (+$60,000). During 2016, Foolad

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5. In 2016, Foolad Company had cash flow from investing activities of (- $110,000), and cash flow from financing activities of (+$60,000). During 2016, Foolad had the following cash flows from operating activities: EBT = $128,333.33; Tax rate = 40% ; Depreciation and Amortization = $10,000 ; Accounts payable increased by $45,000 ; Inventories increased by $10,000. If the cash balance of Foolad at the end of year 2015 was $10,000. Calculate the cash balance at the end of year 2016. * $ 82,000 $ 72,000 O $ 62,000 $ 42,000 None of the above

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