Answer:
December 31 2014, cash = $486,000
Explanation:
To solve this, we will classify the particulars as either income or expenditure,and find the difference. This is shown below:
Particulars              income($)         expenditure($)
operating activities       531,000           -
investing activities       -                  963,000
financing activities       585,000           -
January 1 cash balance   333,000           -
Total                  1,449,000          963,000
∴ net cash available on December 31 2014 = Total income - expenditure
= 1,449,000 - 963,000 = $486,000
