French Corp. began the year with $18,000 in cash and another $6,500 in cash equivalents.
During the year, operations generated $132,000 in cash. Net cash used in investing activities during the year was $213,000, and the company raised a net amount of $168,000 from financing activities.
REQUIRED:
Determine the year-end balance in cash and cash equivalents.

Question

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The Answer of French Corp. began the year with $18,000 in cash and another $6,500 in cash equivalents.
During the year, operations generated $132,000 in cash. Net cash used in investing activities during the year was $213,000, and the company raised a net amount of $168,000 from financing activities.
REQUIRED:
Determine the year-end balance in cash and cash equivalents.