On Dec 31, 2011, BiWheels company had the following account balance. In January 2012, the company made the following transactions. And the balance of cash account on Jan 31, 2012? Transactions in January include Made a credit sale of $30,000 at the cost of $22,000 Collection of account receivable $80,000 Acquisition of inventory $18,000 on cash Payment of account payable $25,000 Borrowing of 5-year note 0f $20,000, which BiWheels used to buy $20,000 of equipment BiWheels received $100,000 from another investor who would own 20% of the company. 605000 669000 644000 694000