Tri Fecta, a partnership, had revenues of $363,000 in its first year of operations. The partnership has not collected on $46,500 of its sales and still owes $39,400 on $230,000 of merchandise it purchased. There was no inventory on hand at the end of the year. The partnership paid $26,400 in salaries. The partners invested $44,000 in the business and $27,000 was borrowed on a five-year note. The partnership paid $2,160 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. Multiple Choice $323,810 $165,940 $170,690 $158,840