TimlinTimlin

Inc. made sales of

$ 950$950

million during

20172017.

Of this amount,

TimlinTimlin

Inc. collected cash for all but

$ 30 million.$30 million.

The company's cost of goods sold was

$ 260$260

million, and all other expenses for the year totalled

$ 450$450

million. Also during

20172017,

TimlinTimlin

Inc. paid

$ 390$390

million for its inventory and

$ 250$250

million for everything else. Beginning cash was

$ 90$90

million.

TimlinTimlin

Inc.'s top management is interviewing you for a job and they ask two questions:

a.How much was

TimlinTimlin

Inc.'s net income for

20172017?

b.How much was

TimlinTimlin

Inc.'s cash balance at the end of

20172017?