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( 1 ) The firm makes 2 2 % of sales for cash, 5 5 % are collected in the next month, and the remaining

(1) The firm makes 22% of sales for cash, 55% are collected in the next month, and the remaining 23% are collected in the second month following sale
(2) The firm receives other income of $1,700 per month
(3) The firm's actual or expected purchases, all made for cash, are $50,200,$70,200, and $80,500 for the months of May through July, respectively
(4) Rent is $3,000 per month.
(5) Wages and salaries are 9% of the previous month's sales
(6) Cash dividends of $3,100 will be paid in June.
(7) Payment of principal and interest of $3,500 is due in June
(8) A cash purchase of equipment costing $5,600 is scheduled in July
(9) Taxes of $5,900 are due in June
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