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