Answer:
$486,000
Explanation:
Elbert Corporation
Cashflow Statement for the year ended December 31, 2020.
<u>Cash flow from Operating Activities</u>
Net cash provided by operating activities $531,000
<u>Cash flow from Investing Activities</u>
Net cash used by investing activities ($963,000)
<u>Cash flow from Financing Activities</u>
Net cash provided by financing activities $585,000
Movement during the year $153,000
Beginning Cash and Cash Equivalent $333,000
Ending Cash and Cash Equivalent $486,000
Therefore, December 31, 2020, cash balance is $486,000