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St . Peter Corporation made sales of $ 9 1 0 million during 2 0 X 6 . Of this amount, St . Peter collected

St. Peter Corporation made sales of $910 million during 20X6. Of this amount, St. Peter collected cash for all but $27 milion. The company's cost of goods sold was $205 million, and all other expenses for the year totaled $385 million. Also, during 20X6, St. Peter paid $310 million for its inventory and $245 million for everything else. Beginning cash was $160 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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