Let C stand for consumption spending, I for investment, G for government purchases, X for exports, IM for imports, DI for disposable income, and NT for net taxes. Consider the following identity and answer the questions that follow.
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On October 31, 2021, Damon Company's general ledger shows a checking account balance of $8,415. The company's cash receipts for the month total $74,440, of which $71,325 has been deposited in the bank.
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