Southeast Corporation made sales of $950 million during 2018. Of this amount, Southeast collected cash for $876 million. The company’s cost of goods sold was $260 million, and all other expenses for the year totaled $275 million. Also during 2018, Southeast paid $410 million for its inventory and $250 million for everything else. Beginning cash was $75 million.

a. How much was Southeast’s net income for 2018?

b. How much was Southeast’s cash balance at the end of 2018?