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The Graves Corporation started operations this month and had the following transactions: Owners invested $8,000 to start company Purchased a 4-month insurance policy for $600 Purchased $400 of supplies on account 1 1 12 20 Customers paid for $500 of services in advance. 25 Completed $800 of services for another customer, sent bill. 30Paid $200 to suppliers for supplies previously purchased on account At the end of the month, $80 of supplies were on still hand. D Question 1 As a result of the information above, what is the company's net income for the month? G Search or type URL 30 Paid $200 to suppliers for supplies previously purchased on account At the end of the month, $80 of supplies were on still hand. Question 1 As a result of the information above, what is the company's net income for the month? D | Question 2 What is the company's cash balance at the end of the month? No new data to save. Last