Chapters 1-3 Question 3 of 25 This test: 75 point(s) possible This question: 4 point(s) possible Submit test Slimwood Corporation made sales of $900 milion during 2018. Of this amount, Slimwood collected cash for $780 million. The company's cost of goods sold was $290 million, and all other expenses for the year totaled $225 million. Also during 2018, Slimwood paid $370 million for its inventory and $265 million for everything else. Beginning cash was $105 milion a. How much was Samwood's net income for 2018? b. How much was Simwood's cash balance at the end of 2018? a. How much was Slimwood's net income for 2018? Sumwood's net income for 2018 is $ million. b. How much was Slimwood's cash balance at the end of 2018? Simwood's cash balance at the end of 2018 is $ million.