Larry Bat opened a frame shop and completed these transactions:

1.Larry started the shop by investing $40,000 cash and equipment valued at $18,000 in exchange for common stock.

2.Purchased $70 of office supplies on credit.

3.Paid $1,200 cash for the receptionists salary.

4.Sold a custom frame service and collected $1500 cash on the sale.

5.Completed framing services and billed the client $200.

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