Slazenger Sporting Equipment sells on store credit and manages its own receivables. Average experience each year for the past three years has been as follows: Sales Cost of goods sold.. Uncollectible-account expense. Other expenses.. Total $350.000 210,000 4.000 61.000 Bruce Slazenger, the owner, is considering whether to accept bankcards (VISA, MasterCard). Typically, accepting bankcards increases total sales and cost of goods sold by 12%. But VISA and MasterCard charge approximately 2% of bankcard sales. II Slazenger switches to bankcards, he can save $2.000 on accounting and other expenses. After the switchover to bankcards. Slazenger expects cash sales of $200.000. Required Should Slazenger start accepting bankcards? Show the computations of net income under the present plan and under the bankcard plan.