The company shows the following balances for certain current assets and current liabilities accounts at January 1, 2021 and December 31, 2021.

Account	January 1	December 31
Inventory	12500	23700
Accounts receivable	42500	34500
Accounts payable	76000	63000
Salaries payable	23700	22700
Taxes payable	67000	72000

During the year, the company obtained a net income of $127,000.

This net income includes the gain of $12,000 obtained in the sale of a plant asset for a total price of $123,000, and a depreciation expense of $123,000.

Besides, during the year 2021 the company paid dividends for $50,000 to its stockholders and issued common stocks for a total amount of $40,000.

During year 2021, the company repaid a note payable for $54,000. On January 1st, 2021, the balance of the cash account was $347,000

1.- Prepare a statement of cash flow separating cash flows from operating, investing and financing activities.

2.- Calculate the balance of the cash account at December 31