Account Balances a. During February, $88,800 was paid to creditors on account, and purchases on account were $113,660. Assuming that the February 28 balance of Accounts Payable was $38,180, determine the account balance on February 1. b. On October 1, the accounts receivable account balance was $37,100. During October, $322,800 was collected from customers on account. Assuming that the October 31 balance was $42,700, determine the fees billed to customers on account during October c. On April 1, the cash account balance was $14,520. During April, cash receipts totaled $220,700 and the April 30 balance was $10,450. Determine the cash payments made during April Horizontal Analysis of Income Statement The following data (in Millions) were taken from the finandal statements of Costco Wholesale Corporation: Recent Year Prior Year Revenue $519,586 $478,000 Operating expenses 492,680 459,000 Operating Income $26,906 $19,000 a. For Costco, determine the amount of change in millions and the percent of change from the prior year to the recent year for: 1. Revenue 2. Operating expenses 3. Operating Income (For those boxes in which you must enter negative numbers use a minus sign. Round percentage answers to one decimal place.) Amount of Change Percent of Change Increase or Decrease (In millions) (round to 1 decimal place) 1. Revenue % 2. Operating expenses 3. Operating income % % b. During the recent year, c. The operating results of Target Corporation for the recent year are provided below. Amount of Change Percent of Change 1. Revenue $5,406 8.4 % 2. Operating expenses $3,402 7 % 3. Operating Income $2,133 13.6 % Increase or Decrease Increase Increase Increase How should the operating results of Target and Costco for the recent year be evaluated