A new company with a balance of zero in their cash account had the following cash transaction in its first month: obtained a bank loan for $344,000, issued stock to shareholders for $112,000, purchased inventory for $54,000, sold merchandise to a customer for $25,000, and paid a dividend of $26,000 to shareholders. What is the balance in the cash account at the end of the month. Note- It may be useful to use a T-account for analysis.