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During the month, Bavarian Auto Co . received $ 4 4 5 , 0 5 0 in cash and paid out $ 3 7 5

During the month, Bavarian Auto Co. received $445,050 in cash and paid out $375,600 in cash.
a. Does this information indicate that Bavarian Auto Co. had net income of $69,450 during the month?

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