Land At December 31, Year 1, the accounting records of Groun Corporation contain the following terms: Accounts Payable $ 16,000 Accounts Receivable $40,000 240,000 Cash Capital Stock 2 Equipment 120,000 Building 180,000 Notes Payable 190,000 Retained Warnings 160,000 If Capital Stock is $260,000, what is the December 31, Year I cash balance? 1 Multiple Choice $80,000 304.000 $40.000 5616,000