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iou have jutt been hired as a financial enaiyst for Barrington industries. Unfortunately, company headquarters (where all of the firm's records are kept) has been

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iou have jutt been hired as a financial enaiyst for Barrington industries. Unfortunately, company headquarters (where all of the firm's records are kept) has been destroyed by fire. So your fiest job wil be to recreate the firm's cash flow statement for the year just ended. The firm had s100,000 in the bank at the end of the prior year, and its working capital. uccounts excep cash remained censtart during the year. ft earned $5 millon in net income buring the vear but paid $700,000 in dividends to common shareholders. Throughout the yeav, the fim purchased $5.6 malion of property, piant, and equpment - the majority heving a vieful ife of more than 20 years and falling under the altemative depreciation ivstem You hive just spoken to the firn's accountants and learned that annual degrecation expense for the year is 1460, eso. The purchase pice for the propecty, piant, and. eqvipent represents additens before depreclation. findly, you have determined that the only Enancing done by the fim was to issue fong.term debt of s1 milion at a 7 Wh interest rate. What was the firmi end-ofyear cash balance? Recreate the firm's cath now statement to arcive at your ansmec. Wrate out your answer completely. For example. 5 inilien should be entered as 5,000,000. flound yeur answer to the nearest dollat, if necessary

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