Please help! What was the firms end of year balance?

s100,000 in the bank at the end of the prior year, and its wonking copital accounts except cash remainid constant during the yeer. It earned ss milion in net income during the year but paid $800,000 in dividends to common shareholders. Throughout the year, the firm purchased $5.4 milition of machinery that was needed for a new project. You have just spoken to the frm's accountants and learned that annual depreciation expense for the year is $460,000; however, the purchase price for the machinery represents additions to property, plant, and equipment before depredation. Finally, you have determined that the only finanding done by the firm was to issue long-term debt of $1 million at a 6% interest rate. The data has been coliected in the Microsoft Excel Online fle below. Open the spreadsheet and perform the required analysis to answer the question below. What was the firm's end-or-year cosh balance? Recrente the firm's cash flow statement to arrive at your answer. Write out your answer completely. For example, 5 million should be entered as S,000,000. Round your answer to the nearest dollar, if necessary. 1. Operating Activities Net income