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Tri Fecta, a partnership, had revenues of $369,000 in its first year of operations. The partnership has not collected on $46,700 of its sales and st $39,400 on $170,000 of merchandise it purchased. There was no inventory on hand at the end of the year. The partnership paid $32,900 in salone partners invested $44,000 in the business and $24,000 was borrowed on a five-year note. The partnership paid $1,920 in interest that was the amount owed for the year and paid $9,700 for a two-year insurance policy on the first day of business. Compute net income for the first year for Tri Fecta. 7:06 Multiple Choice $170,000 $243.520 $199,000 a $159,330