Alpaca Corporation had revenues of $$245,000$ in its first year of operations. The company has not collected on $$18,800$ of its sales and still owes $$26,900$ on $$95,500$ of merchandise it purchased. The company had no inventory on hand at the end of the year. The company paid $$12,600$ in salaries. Owners invested $$13,500$ in the business and $$13,500$ was borrowed on a five$-$year note. The company paid $$3,800$ in interest that was the amount owed for the year, and paid $$7,800$ for a two$-$year insurance policy on the first day of business. Alpaca has an effective income tax rate of $40\%.($Assume taxes are paid in the same year$).$

Compute the cash balance at the end of the first year for Alpaca Corporation.

A$.$ $$108,720$

B$.$ $$162,064$

C$.$ $$141,064$

D$.$ $$130,064$