Tri Fecta, a partnership, had revenues of $373,000 in its first year of operations. The partnership has not collected on $46,200 of its sales and still owes $39,400 on $155,000 of merchandise it purchased. There was no inventory on hand at the end of the year. The partnership paid $34,000 in salaries. The partners invested $43,000 in the business and $29,000 was borrowed on a five-year note. The partnership paid $2,610 in interest that was the amount owed for the year and paid $8,500 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 O $ 238,090 0 $ 249,140 O $ 244,890 O $ 265,660