TB MC Qu. 1-132 (Algo) Tri Fecta, a partnership, had revenues of... Tri Fecta, a partnership, had revenues of $364,000 in its first year of operations. The partnership has not collected on $45,900 of its sales and still owes $39,000 on $185,000 of merchandise it purchased. There was no inventory on hand at the end of the year. The partnership paid $26,400 in salaries. The partners invested $40,000 in the business and $30,000 was borrowed on a five-year note. The partnership paid $3,300 in interest that was the amount owed for the year and paid $8,700 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 $282,350 $210,600 $214,950 $203,700