1 of 60 3 Points The Butters Company uses the FIFO perpetual inventory system. The company has the following data available for the month of January: Date Transaction Units Unit Cost Jan. 1 Beginning inventory 100 $100 Jan. 9 Purchase 300 $140 Jan. 10 Sale 200 Jan. 15 Purchase 400 $160 Jan. 18 Sale 300 Jan. 24 Purchase 100 $200 Jan. 30 Sale 10 The selling price per unit is $1,000. Selling and administrative expenses for the month total $100,000. Interest expense for the month is $10,000. The tax rate is 30%. Required: Compute Net Income for the month ending January 31, 2020: $ Use "-" sign for negative amount, as needed. Use commas and decimal, as needed. Question 2 of 60 3 Points FR Company sold goods for $13,000 with terms 2/10, n/30. How much cash would FR receive if the account were paid within the discount period? $ Use "-" sign for negative amount, as needed. Use commas and decimal, as needed