Answer:
Closing net cash balance= $55,000
Explanation:
The cash flow statement is a financial statement that provides information about the sources and the usage of cash during a particular accounting period usually a year.
It provides the cash inflow and outflows under three (3 ) categories of operating investing, financing.
The total net cash balance is the sum of the net cash balances under the 3 categories
Net cash balance
$
Operating activity 28,000
Investing activities 10,000
Financing activities 12,000
Net cash balance 50,000
Opening cash balance 5,000
Closing net cash balance 55,000
