harp Screen Films, Inc., is developing its annual financial statements at December 31, current year. The statements are complete except for the statement of cash flows. The completed comparative balance sheets and income statement are summarized as follows:

	Current Year				Prior Year
Balance sheet at December 31
Cash	$	73,250			$	63,500
Accounts receivable		15,250				21,350
Merchandise inventory		23,450				18,000
Property and equipment		209,250				160,350
Less: Accumulated depreciation		(57,450	)			(45,750	)
	$	263,750			$	217,450
Accounts payable	$	16,500			$	19,000
Wages payable		2,000				2,700
Note payable, long-term		56,300				71,000
Contributed capital		103,950				65,900
Retained earnings		85,000				58,850
	$	263,750			$	217,450
Income statement for current year
Sales	$	205,000
Cost of goods sold		123,500
Depreciation expense		11,700
Other expenses		43,000
Net income	$	26,800

Additional Data:

1. Bought equipment for cash, $48,900.
2. Paid $14,700 on the long-term note payable.
3. Issued new shares of stock for $38,050 cash.
4. Dividends of $650 were declared and paid.
5. Other expenses all relate to wages.
6. Accounts payable includes only inventory purchases made on credit.

How do I find the Cash balance on January 1, current year?