On January 25 , Coot Company has $270,000 deposited with a local bank. On January 27 , the company writes and mails checks of $22,000 and $62,000 to suppliers. At the end of the month, Coot's financial manager deposits a $47,000 check received from a customer in the morning mail and picks up the end-of-month account summary from the bank. The manager notes that only the $22,000 payment of the 27 th has cleared the bank. What is the company's available balance with its bank? Answer is complete but not entirely correct