Calculator Cash Account Balance During the month, Bavarian Auto Co. received $1,245,000 in cash and paid out $974,200 in cash. a. Does this information indicate that Bavarian Auto Co. had net income of $270,800 during the month? Net Income the net change in all assets and liabilities from operating (revenue and expense) transactions. b. If the balance of the cash account is $421,000 at the end of the month, what was the cash balance at the beginning of the month