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Tri Fecta, a partnership, had revenues of $376,000 in its first year of operations. The 10 $46,800 of its sales and still owes $39,700 partnership

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Tri Fecta, a partnership, had revenues of $376,000 in its first year of operations. The 10 $46,800 of its sales and still owes $39,700 partnership has not collected on $210,000 of merchandise it purchased. There was no the year. The partnership paid $34,100 in salaries. The partners invested $46,000 in the business and $27,000 interest that was the amount owed for the year and paid $8,600 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 on inventory on hand at the end of was borrowed on a five-year note. The partnership paid $3,240 in 01:41:31

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