Tennison Corporation had the following transactions in its first year of operations: Sales (90% collected in year) $1,640,000 Bad debt write-offs 64,000 Disbursements for production costs and other expenses 1,240,000 Disbursements for income taxes 94,000 Purchases of fixed assets 440,000 Depreciation of fixed assets 84,000 Proceeds from issuance of common stock 540,000 Proceeds from short-term borrowings Payments on short-term borrowings 104,000 54,000 What is the cash balance at year-end? Multiple Choice $236,000. $366,000. $256,000. $292,000. D