TB MC Qu. 1-125 (Algo) Tri Fecta, a partnership, had revenues of... Tri Fecta, a partnership, had revenues of $377,000 in its first year of operations. The partnership has not collected on $46,600 of its sales and still owes $39,000 on $230,000 of merchandise it purchased. There was no inventory on hand at the end of the year. The partnership paid $28,800 in salaries. The partners invested $45,000 in the business and $20,000 was borrowed on a five-year note. The partnership paid $1,800 in interest that was the amount owed for the year and paid $9,700 for a two-year insurance policy on the first day of business. Ignore income taxes. Compute the cash balance at the end of the first year for Tri Fecta. Multiple Choice $164,100 $176,550 a $171,700 $168,950