Intro

Ratcliff Rotors had $$560,000$ in cash at the end of $2022.$ The following transactions occurred during $2023$ when the company did some major capital restructuring:

Cash flow from operating activities was $$200,000.$

The company invested $$50,000$ in property, plant and equipment.

The company issued $$80,000$ in common stock.

Long$-$term debt decreased by $$40,000.$

Notes payable decreased by $$30,000.$

Part $1$

Attempt $\frac{5}{10}$ for $1$ pts$.$

What was the cash balance at the end of $2023?$ NOTE: The answer is NOT $$860,000.$