During the month, Shogun Co. received $515,000 in cash and paid out $331,000 in cash. a. Do

Question:

During the month, Shogun Co. received $515,000 in cash and paid out $331,000 in cash.
a. Do the data indicate that Shogun Co. had net income of $184,000 during the month? Explain.
b. If the balance of the cash account is $222,350 at the end of the month, what was the cash balance at the beginning of the month?