A corporation prepared its statement of cash flows for the year. The following information is taken from that statement:

Net cash provided by operating activities	$16,700
Net cash provided by investing activities	$5,300
Net cash flow used in financing activities	$(11,300)
Cash balance, end of year	$14,600

What is the cash balance at the beginning of the year?

$10,700

$6,700

$3,900

$25,300