On January 1, Year 2, the following information was drawn from the accounting records of Carter Company: cash of $650; land of $3,150; notes payable of $950; and common stock of $1,900. During Year 2, Carter Company earned cash revenue of $860, paid cash expenses of $480, and paid a cash dividend of $68.

Prepare a statement of cash flows dated December 31, Year 2.

What is the balance in the Revenue account on January 1, Year 3?