Tennison Corporation had the following transactions in its first year of operations:

Sales (80% collected in year)	$	1,750,000
Bad debt write-offs		63,000
Disbursements for costs and expenses		1,230,000
Disbursements for income taxes		93,000
Purchases of fixed assets		430,000
Depreciation of fixed assets		83,000
Proceeds from issuance of common stock		530,000
Proceeds from short-term borrowings		103,000
Payments on short-tern borrowings		53,000

What is the cash balance at year end?

$170,000.

$190,000.

$227,000.

$300,000.