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In 2022, Marigold Corp. had cash receipts of $27300, including additional owner investments of $10,000, and cash disbursements of $15600. Marigold Corp. purchased equipment of

In 2022, Marigold Corp. had cash receipts of $27300, including additional owner investments of $10,000, and cash disbursements of $15600. Marigold Corp. purchased equipment of $12,000 on account. Marigold's cash balance at December 31, 2022 was $50700. What was Marigold's January 1, 2022 cash balance?

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