Check my wirk Tri Fecta, a partnership, had revenues of $368,000 in its first year of operations. The partnership has not collected on $45,600 of its sales and still owes $38,000 on $205,000 of merchandise it purchased. There was no inventory on hand at the end of the year. The partnership paid $25,800 in salaries. The partners invested $48,000 in the business and $29,000 was borrowed on a five-year note. The partnership paid $3,190 in interest that was the amount owed for the year and paid $8,700 for a two-year insurance policy on the first day of business. Ignore income taxes. Compute the cash balance at the end of the first year for Tri Fecta Multiple Choice $194,710 $206.660 $300,740 $202.310