The following transactions occurred during March, the first month of operations for Quality Galleries, Inc.: * Capital stock was issued in exchange for $360,000 cash. * Purchased $180,000 of equipment by making a $60,000 cash down payment and signing a note payable for the balance. * Made a $35,000 cash payment on the note payable from the purchase of equipment. * Sold a piece of equipment for cash of $18,000. The equipment was sold at cost, so there is no gain or loss on the sale.

What is the balance in the Cash account at the end of March?

A. $283,000

B. $318,000

C. $378,000

D. $343,000