Alpaca Corporation had revenues of $$250,000$ in its first year of operations. The company has not collected on $$18,900$ of its sales and still owes $$27,000$ on $$96,000$ of merchandise it purchased. The company had no inventory on hand at the end of the year. The company paid $$12,700$ in salaries. Owners invested $$14,000$ in the business and $$14,000$ was borrowed on a five$-$year note. The company paid $$3,800$ in interest that was the amount owed for the year, and paid $$7,800$ for a two$-$year insurance policy on the first day of business. Alpaca has an effective income tax rate of $40\%.($Assume taxes are paid in the same year$).$

Compute the cash balance at the end of the first year for Alpaca Corporation.