A resident company, owned by two resident individuals, has an opening credit balance of $7,000 in its franking account in this income year. It has the following transactions in the year:

1 on 18July, it paid a PAYG instalment of $30,000;2 on 29August, it paid a $35,000 cash dividend franked to 80%;3 on 3September, it received a $28,000 cash dividend franked to 90%;4 on 21 September, it paid a $7,000 cash dividend with franking credits of $1,800 attached;5 on 5October, salaries paid to one of its shareholders were deemed to be dividends under Div7A of ITAA 1936. The amount of deemed dividend was $21,000;6 on 2February, it received an income tax refund of $18,000 from the ATO;7 on 10 March, it paid a $20,000 cash dividend franked to 95%;and8 it had a $90,000 PAYG instalment due on 21April, but did not pay it until 3July in the following income year.

Prepare the company's franking account for this income year.