1.PalmBeach Company had the following transactions during January:

1. Jan 1 Issued $100,000 shares to owners in exchange for cash to start the business.

2. Jan 5 Borrowed $90,000 from the bank by signing a note payable

. 3. Jan 10 Purchase equipment by paying cash for $40,000. 3. Jan 15 Paid January rent of $2,400 for the office space

4. Jan 18 Performed services for customers and received cash immediately for $10,000

. 5. Jan 20 Purchased $2,000 in supplies on account. What is the Cash Account's balance at the end of January