For company this years cash flow statement reports net operating cash flows $30,000; net investing cash flows ($50,000); and net financing cash flows $80,000. Last years balance sheet reported cash was $40,000. What amount of cash will be reported in the current years balance sheet?

company had sales revenue of $900,000 for the year. In addition, the following information is available related to the cost of the units sold:

Beginning Inventory	$ 480,000
Purchases	233,000
Freight-in	8,300
Purchase Discounts	25,000
Purchases Allowances	5,300
Operating expenses	177,000
Ending inventory	243,000

At what amount would the company report gross profit?