20 Tennison Corporation had the following transactions in its first year of operations: Sales (80% collected in year) Bad debt write-offs 4 Disbursements for production costs and other expenses points Disbursements for income taxes 80132:08 Purchases of fixed assets Depreciation of fixed assets Proceeds from issuance of common stock Proceeds from short-term borrowings Payments on short-term borrowings What is the cash balance at year-end? Multiple Choice $214,000 $257000 $ 1,980,000 77,000 1,370,000 107,000 570,000 97,000 670,000 117,000 67,000