Diamond Corporation began the year 20xx with cash of 86,000 . In addition to earning a net profit LO 6 Cash Flow Statement of 50,000 and paying cash dividends of 30,000 , Diamond borrowed 120,000 from the bank and purchased equipment for 180,000 with cash. Also, Accounts Receivable increased by 12,000 and Accounts Payable increased by 18,000 .

Determine the amount of cash available at December \(31,20 \mathrm{xx}\), by preparing a cash flow statement similar to the one in Exhibit 1-2.