Tri Fecta, a partnership, had revenues of $362,000 in its first year of operations. The partnership has not collected on $45,500 of its sales and still owes $39,300 on $245,000 of merchandise it purchased. There was no inventory on hand at the end of the year. The partnership paid $33,600 in salaries. The partners invested $43,000 in the business and $28,000 was borrowed on a five-year note. The partnership paid $2,800 in interest that was the amount owed for the year and paid $9,200 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. Multiple Choice $136,200 O O $147,000 O O $142.400 $ 190.800 $140.800