Given the information below, calculate the company's cash balance at the end of the year.

Cash Balance at Beginning of Year : $80,000
Activity During the Year
Increase in Accounts Payable : $60,000
Decrease in Accounts Receivable : $40,000
Depreciation Expense : $500,000
Net Income : $2,000,000

Purchase of Fixed Assets : $800,000
Sales of Common Stock : $100,000
Decrease in Notes Payable : $85,000
Dividends Paid : $15,000

A) $1,880,000
B) $ 80,000
C) $1,265,000
D) -$1,120,000