The Carmichael Company started operations this month and had the following transactions 1. Owners invested $20,000 to start the company 2. Purchased 55 units of inventory for $7,425 (total) 3. Sold 25 units of inventory for $4,750 (total) 4. Paid $2,900 for office rent 5. Paid payroll of $4,500 6. Paid dividends of $800 What are the company's cash balance at the end of the month?
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