Answer:
C. $ 344,000
Explanation:
In the balance sheet, the assets, liabilities, and stockholder equity is recorded. In this the accounting equation is used which is shown below:
Total assets = Total liabilities + stockholder equity
which equals to
Total assets = $1,570,000 + $2,382,000
= $3,952,000
And, the total assets equal to
Total assets = Cash + Marketable securities + Accounts receivable + Inventory + Non-current assets
$3,952,000 = Cash + $228,000 + $860,000 + $490,000 + $2,030,000
$3,952,000 = Cash + $3,608,000
So, the cash would be
= $344,000
