Cash Account Balance During the month, Bavarian Auto Co. received $492,900 in cash and paid out $416,000 in cash. a. Does this information indicate that Bavarian Auto Co. had net income of $76,900 during the month? No Net income is the net change in all assets and liabilities from operating (revenue and expense) transactions. b. If the balance of the cash account is $111,400 at the end of the month, what was the cash balance at the beginning of the month