last MC option was $248557. i will thumbs up for fast response and correct answer :)

Alpaca Corporation had revenues of $335,000 in its first year of operations. The company has not collected on $20,600 of Its sales and still owes $28,700 on $99,500 of merchandise it purchased. The company had no Inventory on hand at the end of the year. The company paid $14,400 in salaries. Owners invested $22,500 in the business and $22,500 was borrowed on a five-year note. The company paid $5,200 in interest that was the amount owed for the year, and paid $9,200 for a two-year Insurance policy on the first day of business. Alpaca has an effective Income tax rate of 40%. (Assume taxes are paid in the same year), Compute the cash balance at the end of the first year for Alpaca Corporation. Multiple Choice $216,557 $227,557 $175,280