Oundjian Corporation recently sold inventory for $91,200. The goods had originally cost $65,100. Inflation during the period was 6%. The goods could be replaced from their long-time suppller for $74,900. 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. This part of the question is not part of your Connect assignment. 4. This part of the question is not part of your Connect assignment