Cash account balance During the month, Bavarian Auto Co. recelved $407,750 in cash and paid out $344,150 in cash. a. Does this information indicate that Bavarian Auto Co. had net income of $63,600 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 $92,150 at the end of the month, what was the cash balance at the beginning of the month