During the month, Bavarian Auto Co. received $379,550 in cash and paid out $320,350 in cash. a. Does this information indicate that Bavarian Auto Co. had net income of $59,200 during the month? No Net income is ✓ the net change in all assets and liabilities from operating (revenue and expense) transactions.

b. If the balance of the cash account is $85,800 at the end of the month, what was the cash balance at the beginning of the month?​