Finance

Kalan The following transactions occurred during March, the first month of operations for Quality Galleries, Inc. 1) Capital was issued in exchange for $360,000 cash. 2) Purchased $180,000 of equipment by making a $60,000 cash down payment and signing a note payable for $120.000. 3) Made a $85.000 cash payment on the note payable from the purchase of equipment. 4) Sold a piece of equipment for cash of $18,000, What is the balance in the cash account at the end of March? a 5378.000 b. S283.000 $343.000. $18,0001)