The balance of the PPE account for SLOAT, Inc. was $270,500 and $346,000 at the beginning and end (respectively) of 2021. On May 10 the company issued for cash a 6.4%, $20,000 Note Payable that paid simple interest on an annual basis. SLOAT made a debt for equity swap on Dec 31, 2021 (the company’s fye). The no-par common stock account was $500,000 and $720,000, and during the year SLOAT acquired a building by issuing common stock. During the year SLOAT sold 70% depreciated equipment for $22,000, which resulted in a $3,850 gain. The company paid all income taxes in full. The Notes / Payable account balance at Jan 1 and Dec 31 was $190,000 and $126,000 (respectively). On SLOAT’S balance sheet PPE (net) was $175,500 at the end of 2020 and $207,000 at the end of 2021. What was the depreciation expense for 2021? [4 points]

NI was $ 238,800 and AR, INV and AP each increased by $36,200 during the year. What was Cash Flow from Operations?

Assuming that cash at the beginning of the year was $36,200, based upon the information provided above what was the ending balance of cash?