Tri Fecta, a partnership, had revenues of $$374,000$ in its first year of operations. The partnership has not collected on $$45,500$ of its sales and still owes $$39,400$ on $$165,000$ of merchandise it purchased. There was no inventory on hand at the end of the year. The partnership paid $$29,100$ in salaries. The partners invested $$44,000$ in the business and $$23,000$ was borrowed on a five$-$year note. The partnership paid $$2,530$ in interest that was the amount owed for the year and paid $$8,100$ for a two$-$year insurance policy on the first day of business.

Compute net income for the first year for Tri Fecta.

Multiple Choice

A: $$173,320$

B: $$248,730$

C: $$209,000$

D: $$165,000$