Larry Bar opened a frame shop and completed these transactions:

1. Larry started the shop by investing $41,500 cash and equipment valued at $19,500 in exchange for common stock.
2. Purchased $220 of office supplies on credit.
3. Paid $2,700 cash for the receptionist's salary.
4. Sold a custom frame service and collected $6,000 cash on the sale.
5. Completed framing services and billed the client $350.

What was the balance of the cash account after these transactions were posted?