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Corporation made sales of $ 825$825 million during 20212021. Of this amount, Western CountryWestern Country collected cash for $ 710$710 million. The company's cost of
Corporation made sales of $ 825$825 million during 20212021. Of this amount, Western CountryWestern Country collected cash for $ 710$710 million. The company's cost of goods sold was $ 310$310 million, and all other expenses for the year totaled $ 375$375 million. Also during 20212021, Western CountryWestern Country paid $ 420$420 million for its inventory and $ 260$260 million for everything else. Beginning cash was $ 105$105 million. a. How much was Western CountryWestern Country's net income for 20212021? b. How much was Western CountryWestern Country's cash balance at the end of 20212021
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