Weimar World, a tax-preparation service, had a cash balance of $122,500 as of March 1, 2017. During the month of March, Weimar World had the following transactions.

-Billed $496,000 in revenue on credit

-Received $164,000 from customers' accounts receivable

-Incurred expenses of $194,000, but only paid $87,700 cash for these expenses

-Prepaid $32,200 for computer services to be used next month

What was the company's cash balance on March 31, 2017?