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10 Marcie sells books in Fargo, North Dakota. Data regarding her Sales budget Total salesS 400,000 375,000 S 420,000 November T December January Collection schedule

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10 Marcie sells books in Fargo, North Dakota. Data regarding her Sales budget Total salesS 400,000 375,000 S 420,000 November T December January Collection schedule Month of sale Next month Uncollectible The cost of goods sold is 70% 28% 2% 50% of"sales *Other monthly expenses to be paid in cash are $25,000. *Monthly depreciation is $15.000. : MOPco the purchase is paid for in he month of purchase, the remaindr is paid in the followving month * Marcie declared a special dividend of S10,000 on November 5 to be paid on Dec. 15 Net income for November would be: A. B. C. D. E. $112,000 $142.000 $167,000 $160,000 $152,000

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