Answer:
Ending cash balance : 22,600
Explanation:
<u>operating activities:</u>
collection from products 31,000
collection from services 21,000
merchandise suppliers (10,200)
wages paid (22,200)
advertisement paid (2,200)
generated from operating activities 17,400
<u>financing activities:</u>
loan from the bank 36,000
dividends paid (4,200)
cash generated from financing activities 31,800
<u />
<u>investing activities:</u>
sale of warehouse 11,200
purchase of equipment (41,000)
cash used in investing activities (29,800)
cash generated for the period 19,400
beginning cash balance 3,200
Ending cash balance 22,600
