XYZ Corporation is preparing its cash flow statement for the fiscal year ended December 31, 20XX. During the year, the company generated $2,000,000 in operating cash inflows, invested $500,000 in new equipment, raised $1,000,000 through a new equity issue, and paid off $300,000 in long-term debt. Compute XYZ Corporation's net cash flow from financing activities and its ending cash balance.