has been destroyed by fire. So, your first yob will be to recreate the firm's cach fow statemert for the yas fust ended. The fimm nad stoo,000 in the during the year but poid s700,000 in dividends to common thereholsers. Throuphove the ves, the firm purchaved s5. 6 millen of properth plant, and plent, and squipment before depreciation. Findly, yeo here determined that the ony francing done by the frim was to iave long-tarm dabt of 31 You have just been hired as a financial analyst for Barrington Industries. Unfortunately, company headquarters (where all 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 yeac, and its working capital accounts except cash remained constant during the year. It earned $5 mililon in net income during the year but paid $700,000 in dividends to common shareholders. Throughout the year, the firm purchased $5.6 million 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 annual dapreciation expante for the year is $460,000. The purchase price for the represents additions property, plant, and equipment bafore depreciation. Finally, you have determined that the only financing done by the firm was to isuse long-term debt of 31 million at a 5\% 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 dollar, If necessary