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Geiger Company's Cash Balance at December 31,2009,was $169,000

Question 140

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Geiger Company's cash balance at December 31,2009,was $169,000.Calculate the company's cash balance at December 31,2010,given the following information for the year ended December 31,2010.Show your work.
 Net Income $370,000 Depreciation and Amortization Expense 98,000 Increase in Accounts Receivable (net) 14,000 Decrease in Inventory 25,000 Increase in Accounts Payable 20,000 Net Cash Flows from Investing Activities 133,000 Net Cash Flows from Financing Activities (600,000)\begin{array}{lr}\text { Net Income } & \$ 370,000 \\\text { Depreciation and Amortization Expense } & 98,000 \\\text { Increase in Accounts Receivable (net) } & 14,000 \\\text { Decrease in Inventory } & 25,000 \\\text { Increase in Accounts Payable } & 20,000 \\\text { Net Cash Flows from Investing Activities } & 133,000 \\\text { Net Cash Flows from Financing Activities } & (600,000)\end{array}

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