St.Pierre Inc. made sales of $725 million during the year. Of this amount, St.Pierre Inc. collected cash for all but $27million. The company's cost of goods sold was $320 million, and all other expenses for the year totalled $225 million. Also during the year, St.Pierre Inc. paid $385 million for its inventory and $275 million for everything else. Beginning cash was $105 million. The company uses accrual accounting. St.Pierre Inc.'s top management is interviewing you for a job and you are asked two questions.

How much was St.Pierre Inc.'s net income for the year?

How much was St.Pierre Inc.'s cash balance at the end of the year?