Cash Account Balance During the month, Warwick Co. received $472,800 in cash and paid out $399,050 in cash. a. Does this information indicate that Warwick Co. had net income of $73,750 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 $106,850 at the end of the month, what was the cash balance at the beginning of the month?