Answer:
The correct answer is $355,000.
Explanation:
According tot the scenario, the given data are as follows:
Cash balance at the beginning of the period = $310,000
Cash provided by operating activities = $185,000
Cash used in investing activities = $43,000
Cash used in financing activities = $97,000
So, we can calculate the cash balance at the end by using following formula:
Cash at the end = Cash balance at the beginning + Cash provided by operating activities - Cash used in investing - Cash used in financing
= $310,000 + $185,000 - $43,000 -$97,000
= $355,000
Hence, The cash balance at the end of the period is $355,000.
