During the month, Bavarian Auto Co, received

$370,150

in cash and paid out

$312,400

in cash.\ a. Does this information indicate that Bavarian Aut Co. had net income of

$57,750

during the month?\ Net income i the net change in all assets and liabilities from operating (revenue and expense) transactions.\ b. If the balance of the cash account is

$83,650

at the end of the month, what was the cash balance at the beginning of the month?

During the month, Bavarian Auto Co, received $370,150 in cash and paid out $312,400 in cash. a. Does this information indicate that Bavarian Aut Co. had net income of $57,750 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 $83,650 at the end of the month, what was the cash balance at the beginning of the month