Tennison Corporation had the following transactions in its first year of operations:
| Sales (90% collected in year) | $ | 1,500,000 | |
| Bad debt write-offs | 60,000 | ||
| Disbursements for costs and expenses | 1,200,000 | ||
| Disbursements for income taxes | 90,000 | ||
| Purchases of fixed assets | 400,000 | ||
| Depreciation of fixed assets | 80,000 | ||
| Proceeds from issuance of common stock | 500,000 | ||
| Proceeds from short-term borrowings | 100,000 | ||
| Payments on short-tern borrowings | 50,000 | ||
What is the cash balance at year end?
$150,000.
$170,000.
$210,000.
$280,000.
