Tri Fecta, a partnership, had revenues of $362,000 in its first year of operations. The partnership has not collected on $45.200 of its sales and still owes $38,600 on $ 205,000 of merchandise it purchased. There was no inventory on hand at the end of the year. The partnership paid $25,600 in salaries. The partners invested $45,000 in the business and $24,000 was borrowed on a five-year note. The partnership paid $2,880 in interest that was the amount owed for the year and paid $9,500 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. 39