Cash account balance During the month, Bavarian Auto Co. received $441,950 in cash and paid out $373,000 in cash. a. Does this information indicate that Bavarian Auto Co. had net income of $68,950 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 $99,900 at the end of the month, what was the cash balance at the beginning of the mont