On January 1, Year 1, KASE borrowed $200,000 on a 6-year, 7% installment note payable. The terms of the note require KASE to pay 6 equal payments each December 31 for 6 years. The Notes Payable balance on December 31. Year 5 is: On January 1, Year 1, KASE issues $200,000 of 8%, 5-year bond, dated 1/1/20X1, which matures 1/1/20X6, and must pay interest twice a year (semi-annually) every first of July and first of January. The Cash balance at the end of July 1, 20X3 is