Answer:
The cash balance at the end of the period is b. $355,000
Explanation:
<em>Step 1 Calculate the Cash flow Changes during the year: Open a Cash flow Statement</em>
Net cash flow from operating activities 185,000
Net cash flow used for investing activities (43,000)
Net cash flow used for financing activities (97,000)
Cash flow Changes during the year 45,000
<em>Step 2 Prepare a Reconciliation of Cash and Cash Equivalent Balances at the end of the period</em>
Cash balance at the beginning of the period <em>310,000</em>
Cash flow Changes during the year 45,000
cash balance at the end of the period 355,000