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Avengers Inc. began operations on January 1 of the current year with a $ 2 5 , 0 0 0 cashbalance. 4 0 % of
Avengers Inc. began operations on January of the current year with a $ cashbalance. of sales are collected in the month of sale; are collected in the monthfollowing sale. Similarly, of purchases are paid in the month of purchase, and are paid in the month following purchase. The following data apply to January Sales$ purchases $ and operating expenses $ and February Sales $ purchases $ and operating expenses $ If operating expenses arepaid in the month incurred and include monthly depreciation charges of $determine the change in Avenger's cash balance during January and February monthseparately and the cash balance at the end of January and February.
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