Tennison Corporation had the following transactions in its first year of operations: $1,640,000 64,000 1, 240,000 Sales (90% collected in year) Bad debt write-offs Disbursements for production costs and other expenses Disbursements for income taxes Purchases of fixed assets Depreciation of fixed assets Proceeds from issuance of common stock Proceeds from short-term borrowings Payments on short-term borrowings 94,000 440,000 84,000 540,000 104,000 54,000 What is the cash balance at year-end