Euro Corp.began the year with $19,000 in cash and another $1,000 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 Euro Corp.began the year with $19,000 in cash and another $1,000 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.

Euro CorpBegan the Year with $19,000 in Cash and Another $1,000