Tri Fecta, a partnership, had revenues of $366,000 in its first year of operations. The partnership has not collected on $45,500 of its sales and still owes $39,500 on $180,000 of merchandise it purchased. There was no inventory on hand at the end of the year. The partnership paid $33,700 in salaries. The partners invested $46,000 in the business and $26,000 was borrowed on a five-year note. The partnership paid $2,600 in interest that was the amount owed for the year and paid $8,300 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.

A) $213,400

B) $217,550

C) $207,400

D) 211,550