8. A firm keeps separate bank accounts for each of its 3 main activities: every-day buying & selling transactions, investing in output capacity and its financing transactions. It had consolidated opening cash balances of $34,578 for all 3 accounts at the beginning of the year. During the year, it generated a $21,089 net surplus in its operations deposit account. It also bought fixed assets worth $14,788 and sold assets for scrap worth $1,233. It paid $5,600 in dividends and repaid $8,878 in debt. Its closing consolidated cash balance will be: $27,634 $23,987 $12,777 -$4,532