Macon Corporation had the following transactions in its first year of operation: $1,796,934 Sales (85% collected in first year) Bad debt write-offs Disbursements for costs and expenses 78,325 1,114,793 Disbursements for income taxes 76,145 461,172 87,094 Purchases of fixed assets Depreciation on fixed assets Proceeds from issuance of common stock Proceeds from short-term borrowings Payments on short-term borrowings 555,671 148,390 85,220 What is the cash balance at the end of the first year? (NOTE: It is possible to have a negative cash balance. If So, write your answer as follows: -1,200.)