Tri Fecta, a partnership, had revenues of $367,000 in its first year of operations. The partnership has not collected on $45,800 of its sales and still owes $39,600 on $240,000 of merchandise it purchased. There was no inventory on hand at the end of the year. The partnership paid $26,200 in salaries. The partners invested $47,000 in the business and $26,000 was borrowed on a five-year note. The partnership paid $2,860 in interest that was the amount owed for the year and paid $9,300 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)	$ 332,110
b)	$ 161,640
c)	$ 166,290
d)	$ 155,440