Giant Corp. provides the following information for 2016. The cash balance as of January 1, 2016 was $50,000. Giant's net income for 2016 was $38,000. During 2016, accounts receivable decreased by $3,000, inventory decreased by $10,000, and accounts payable decreased by $20,000. Depreciation expense was $8,000. Equipment was purchased for $13,000 and common stock was issued for $100,000. Based on this information, the cash balance at December 31, 2016 is
