Question $8$

Ole Smokey Dog Chow Co$.$ had net cash provided by operating activities of $$383,650,$ net

cash used by investing activities of $$366,475,$ and cash provided by financing activities of

$$236,971.$ Ole Smokey's cash balance was $$290,066$ on January $1.$ During the year, there

was a sale of equipment that resulted in a gain of $$42,804$ and proceeds of $$62,582$ were

received from the sale. What was Ole Smokey's cash balance at the end of the year?