Answer:
$4,790,000
Explanation:
We know,
Opening cash flow + Net cash generated during the period = Closing cash
Opening cash = $150,000
Closing = $310,000
Net cash generated = $310,000 - $150,000 = $160,000
Cash inflow from operating activities = $2.5 million
Cash flow from investing activities = $2 million
Cash from issue of debt = $500,000
Dividends paid = ($50,000)
Net cash generated = $4,950,000
Cash generated - Cash used for repurchase of common stock = $160,000
$4,950,000 - cash used = $160,000
Cash used in repurchase of common stock = $4,790,000
