During the year recently ended, Hobart industries had net sales, operating income and net income of $ 675,000,000, $225,000,000 and $110,000,000 respectively. The company also had the following transaction activity for the year:

Common stock issued- $14,000,000

Cost of goods sold-$405,000,000

Capital Expenditures-$75,000,000

Increase in Inventories-$55,000,000

Dividend declared-$1,500,000

Interest paid-$3,000.000

Retirement of long term debt-$20,000,000

Increase in accounts payables-$60,000,000

Sale of fixed assets-$5,000,000

Increase in accounts receivable-$90,000,000

Income taxes paid-$25,000,000

Based on the information above and assuming a beginning cash balance of $214,000,000, what is the ending cash amount reported on Hobart industries statement of cash flows for the year using the direct method?

1. $163,000,000
2. $175,000,000
3. $295,000,000
4. $293,500,000