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St. Peter Corporation made sales of $890 million during 20X6. Of this amount, St. Peter collected cash for all but $32 milion. The company's cost

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St. Peter Corporation made sales of $890 million during 20X6. Of this amount, St. Peter collected cash for all but $32 milion. The company's cost of goods sold was $245 million, and all other expenses for the year totaled $345 million. Also, during 20X6, St. Peter paid $370 million for its inventory and $275 million for everything else. Beginning cash was $130 million. St. Peter's top management is interviewing you for a job and they ask two questions: a. How much was St Peter's net income for 20X67 b. How much was St. Peter's cash balance at the end of 20X6? You will get the job only if you answer both questions correctly. (Enter all amounts in millions.) a. How much was St. Peter's net income for 20X6? St. Peter's net income for 20x6 is million

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