9) The following information ($ in millions) comes from a recent annual report of Orinoco.com, Incorporated:

Net sales$ 10,730Total assets4,398End of year balance in cash1,206Total stockholders' equity404Gross profit (Sales Cost of Sales)2,572Net increase in cash for the year22Operating expenses2,066Net operating cash flow759Other income (expense), net$ (21)

Compute Orinoco's balance in cash at the beginning of the year.

10)

Alpaca Corporation had revenues of $200,000 in its first year of operations. The company has not collected on $19,500 of its sales and still owes $25,800 on $80,000 of merchandise it purchased. The company had no inventory on hand at the end of the year. The company paid $11,000 in salaries. Owners invested $23,000 in the business and $23,000 was borrowed on a five-year note. The company paid $3,700 in interest that was the amount owed for the year, and paid $5,000 for a two-year insurance policy on the first day of business. Alpaca has an effective income tax rate of 40%.

Compute net income for the first year for Alpaca Corporation.