Alpaca Corporation had revenues of $290,000 in its first year of operations. The company has not collected on $19, 700 of its sales and still owes $27, 800 on $95,000 of merchandise it purchased The company had no inventory on hand at the end of the year The company paid $13, 500 in salaries. Owners invested $18,000 in the business and $18,000 was borrowed on a five-year note. The company paid $4, 500 in interest that was the amount owed for the year, and paid $8, 500 for a two-year insurance policy on the first day of business. Alpaca has an effective income tax rote of 38%. Compute the cash balance at the rid of the first year for Alpaca Corporation $ 146, 955 $ 171, 870 $ 182, 870 $ 203, 870