Anderson Company's cash balance on January 1, 2016 was $112,000.

Anderson has provided the following selected information for the year ended December 31, 2016:

a. Anderson recognized revenue for 2016 in the amount of $425,000. All but $33,000 was collected from customers during 2016.

b. Anderson issued 1,000 shares of its $5 par common stock for $46 per share.

c. Anderson purchased $199,000 of inventory during 2016. All but $16,000 was paid for by the end of 2016.

d. Anderson paid its employees $102,000 for the year 2016.

e. Anderson purchased a building for $125,000 by paying $25,000 in cash and signing a 6% note for the remainder. The note and interest are due on June 30, 2017. Depreciation on this building for 2016 amounted to $6,000.

f. Anderson bought supplies for $72,000 in cash during 2016 and used $65,000 of the supplies by the end of the year.

Find Anderson's cash balance on December 31, 2016.