Try factor a partnership had revenues of $371,000$ and its first year of operations the partnership has not collected on $45,300$ of it sales and still owes $38,400$ on $215,000$ of merchandise purchase there was no inventory on hand at the end of the year and the partnership paid $35,000$ in salaries the partnership invested in $44,000$ businesses and $24,000$ was borrowed on a five$-$year note the partnership paid $28$ and that was the amount owed for the year and paid $9802$ year insurance policy on the first day of business ignore income tax the cash balance at the end of the year for trifecta