Financial Data for DEF Corporation:

Financial Data	2022
Sales	$2,800,000
Cost of Goods Sold	$1,900,000
Operating Expenses	$700,000
Interest Expense	$50,000
Gain on Disposal of Asset	$15,000
Tax Expense	$80,000

Asset and Liability Data:

Item	12/31/2022	12/31/2021
Cash	$450,000	$300,000
Accounts Receivable	$220,000	$180,000
Inventory	$400,000	$350,000
Accounts Payable	$300,000	$250,000

Additional Information:

Depreciation of $110,000 included in operating expenses.

Equipment sold for $110,000, original cost $170,000, carrying value $95,000.

New equipment purchased for $75,000.

$130,000 in dividends declared and paid.

Treasury shares purchased: 400 shares for $40,000.

Requirements:

Calculate the cash flows from operating activities.

Calculate the cash flows from investing activities.

Calculate the cash flows from financing activities.

Determine the ending cash balance.