Alpaca Corporation had revenues of $285,000 in its first year of operations. The company has not collected on $19,600 of its sales and still owes $27,700 on $99,500 of merchandise it purchased. The company had no inventory on hand at the end of the year. The company paid $13,400 in salaries. Owners invested $17,500 in the business and $17,500 was borrowed on a five-year note. The company paid $4,400 in interest that was the amount owed for the year, and paid $8,400 for a two-year insurance policy on the first day of business. Alpaca has an effective income tax rate of 40%. (Assume taxes are paid in the same year).Compute the cash balance at the end of the first year for Alpaca Corporation.