A vegetable seller records his shop transactions using integers. He begins with a debt of \(₹595\). The following day, he earns a profit of \(₹1085\). Subsequently, he incurs a loss of \(₹281\).
Based on this situation, answer the following.
1. Write the given sequence as an equation using integers.
2. What is the seller's position after the profit in \(₹\)?
3. What is the seller's final balance in \(₹\)?
4. Which statement is correct?