CVS Health Corp. had the following transactions during January, the first month of its

operations:

Issued $24,000$ shares of common stock in exchange for $$240,000.$

Purchased equipment for $$480,000,$ using a $$120,000$ cash down payment and

signing a note payable for the balance.

Received $$3,000$ from a customer for services to be performed in February

Made a $$36,000$ payment on the note payable from the purchase of the equipment.

Total monthly sales: Cash sales $$90,000$ & Credit Sales $$43,000.$

Purchased supplies on credit for $$38,400.$

Collected $$14,000$ from customers on account.

Paid $$3,000$ for January employee wages.

Received a utility bill for $$1,100$ which will be paid next month.

What is the balance in the Cash account that the end of January?

Select one:

a$.$ $$171,000$

b$.$ $$174,000$

c$.$ $$52,000$

d$.$ $$240,000$