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ebook You have just been hired as a financial analyst for Barrington Industries. Unfortunately, company headquarters (where at of the firm's records are kept) has

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ebook You have just been hired as a financial analyst for Barrington Industries. Unfortunately, company headquarters (where at of the firm's records are kept) has been destroyed by fire. So your first job will be to recreate the firm's cash flow statement for the year just ended. The firm had $100,000 in the bank at the end of the prior year, and its working capital accounts except cash remained constant during the year. It earned $5 million in net income during the year but paid $750,000 in dividends to common shareholders. Thoughout the year, the firm purchased 55.6 milion of property, plant, and equipment - the majority having a useful life of more than 20 years and falling under the alternative depreciation system. You have just spoken to the firm's accountants and learned that anual depreciation expense for the year is $450,000. The purchase price for the property, plant, and equipment represents additions before depreciation. Finally, you have determined that the only financing done by the firm was to issue long-term debt of $1 million ata interest rate. What was the firm's end-of-year cash balance Recreate the firm's cash flow statement to arrive at your answer. Write out your answer completely. For example, 5 million should be entered as 5,000,000. Round your answer to the nearest doltar, if necessary Grade It Now Save & Continue Continue without saving

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