Tucker Tutoring Service Company recorded the following cash transactions for the year: Paid $55,000 for salaries. Paid $7,000 to purchase office equipment. Paid $6,000 for utilities, advertising and supplies. Paid $12,000 for rent. Paid $18,000 in dividends. Collected $125,000 from customers. Borrowed $20,000 from the bank. What is the cash ledger closing balance?