Oundjian Corporation recently sold inventory for $90,800. The goods had originally cost $64,900. Inflation during the period was 4%. The goods could be replaced from their long-time supplier for $74,700. For simplicity, assume that there are no other costs of doing business. Required: 1. Calculate a measure of accounting income, consistent with: 2. Assume in each case in requirement 1 that the company collected revenue in cash and paid out 100% of net income in dividends to owners. Calculate the remaining cash balance. 3. Not available in connect. 4. Not available in connect