You have just been hired as a financial analyst for Barrington Industries. Unfortunately, company headquarters (where all of the firm's records are kept) has been destroyed by fire. So, your first job will be to recreate the firm's cash flow statement for the year just ended. The firm had $100,000 in the bank at the end of the prior year, and its working capital accounts except cash remained constant during the year. It earned $5 million in net income during the year but paid $700,000 in dividends to common shareholders. Throughout the year, the firm purchased $5.4 million of machinery that was needed for a new project. You have just spoken to the firm's accountants and learned that annual depreciation expense for the year is $440,000; however, the purchase price for the machinery represents additions to property, plant, and equipment before depreciation. Finally, you have determined that the only financing done by the firm was to issue long-term debt of $1 million at a 6% interest rate. The data has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the question below.

This is what I have so far and it is saying that 380000 is wrong

What was the firm's end-of-year cash balance? Recreate the firm's cash flow statement to arrive at your answer. Write out your answer completely. For example, 5 million should be entered as 5,000,000. Round your answer to the nearest dollar, if necessary.

Statement of cash flows
Cash at the Beginning of Year	$100,000.00
Change in Net Operating Working Capital Except Cash	$0.00
Net Income	$5,000,000.00
Common Dividends	$700,000.00
Machinery Equipment Purchases	$5,400,000.00
Depreciation Expense	$440,000.00
Long-Term Debt	$1,000,000.00
Interest Rate on Long-Term Debt	6.00%
Statement of Cash Flows
I. Operating Activities			Formulas
Net income	$5,000,000.00		=B5
Depreciation expense	$440,000.00		=B8
Change in net operating working capital except cash	$0.00
Net cash provided by (used in) operations	$5,440,000.00		=B14+B15
II. Long-Term Investing Activities
Additions to property, plant and equipment	-$5,400,000.00		=-B7
Net cash used in investing activities	-$5,400,000.00		=-B7
III. Financing Activities
Increase in long-term debt	$1,000,000.00		=B9
Payment of common dividends	$760,000.00		=B6+(B24*B10)
Net cash provided by financing activities	$240,000.00		=B24-B25
IV. Summary
Net increase (decrease) in cash	$280,000.00		=B17+B21+B26
Cash at beginning of year	$100,000.00
Cash at end of year	$380,000.00		=B29+B30