Given the information below, calculate the company's cash balance at the end of the year. Cash Balance at Beginning of year $80,000 Activity during the year: Increase in accounts payable $60,000 Decrease in accounts receivable $40,000 Depreciation expense $500,000 Net Income $2,000,000 Purchase of fixed assets $800,000 Sales of common stock $100,000 Decrease in notes payable $85,000 Dividends Paid $15,000