Problem

Determining Beginning Cash BalanceTyler, Inc.’s cash balance at December 31, 2015, the end...

Determining Beginning Cash Balance

Tyler, Inc.’s cash balance at December 31, 2015, the end of its financial reporting year, was $155,000. During 2015, cash provided by operations was $145,000, cash used in investing activities was $67,000, and cash provided by financing activities was $10,000. Calculate the amount of Tyler’s beginning cash balance at January 1, 2015.

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