o Western Country Inc. made sales of $800 million during 2017. Of this armount, Western Country Inc. collected cash for all but $32 million. The company's cost of goods sold was $310 million, and all other expenses for the year totalled $350 million. Also during 2017, Western Country Inc paid $370 million for its inventory and $275 million for everything else. Beginning cash was 5110 million. Western Country Inc.'s top management is interviewing you for a job and they ask two questions: a. How much was Western Country Inc.'s net income for 2017? b. How much was Western Country Inc.'s cash balance at the end of 2017? a. How much was Western Country Inc.'s net income for 2017? Western Country's net income for 2017 is $ 140 million. b. How much was Western Country Inc 's cash balance at the end of 2017? Western Country's cash balance at the end of 2017 is million After operating for several months, artist Gwen Markum completed the following transactions during the latter part of May May 15 Borrowed $32,000 from the bank, signing a note payable. 22 Painted a portrait for a client on account totalling $8,500 28 Received $6,400 cash on account from clients 29 Received a utility bill of $900, which will be paid during June 30 Paid monthly salary of $3,000 to gallery assistant Journalize the transactions of Gwen Markum, Artist. Include an explanation with each journal entry Journalize the transactions of Gwen Markum, Artist. Include an explanation with each journal entry. (Record debits first, then credits. Enter explanations on the last line.) May 15. Gwen Markum borrowed $32,000 from the bank, signing a note payable Journal Entry Date Accounts and Explanations Debit Credit May Choose from any list or enter any number in the input fields and then continue to the next