Analysis reveals that a company had a net increase in cash of $22,640 for the current year. Net cash provided by operating activities was $20,400; net cash used in investing activities was $11,200 and net cash provided by financing activities was $13,440. If the year-end cash balance is $27,600, the beginning cash balance was:

Multiple Choice

• $50,240.

• $45,280.

• $44,280.

• $4,960.

• $17,680.