This is the first year of operations for Alpaca Corporation. Owners invested $15,000 in the business and $15,000 was borrowed on a five-year note. The company paid $4,000 in interest that was the amount owed for the year and paid $8,000 for a two-year insurance policy on the first day of business. Alpaca had revenues of $260,000, but the company had $19,100 of credit sales and still owes $27,200 on $97,000 of merchandise it purchased. The company had no inventory on hand at the end of the year. The company paid $12,900 of salaries in cash. Alpaca will file and pay tax after the yearend, and the estimated tax for the first year is $34,000. What is the cash balance at the end of the first year for Alpaca Corporation?