At December 31, Year 1, the accounting records of Braun Corporation contain the following items: Accounts Payable $ 14,500 Accounts Receivable $ 37,000 Land $ 237,000 Cash ? Capital Stock ? Equipment $ 117,000 Building $ 177,000 Notes Payable $ 187,000 Retained Earnings $ 157,000 If Capital Stock is $257,000, what is the December 31, Year 1 cash balance? Multiple Choice $92,500. $47,500. $84,500. $615,500