Beginning cash balance $                 35,000

Depreciation                                      60,000

Sale of share capital                        100,000

Adjustments in non-cash working capital accounts    (105,000)

Payment of dividends                    155,000

Profit for the year                             412,000

New long-term borrowings              700,000

Purchase of non-current assets $1,000,000

Cash from operating activities is _________________________.