11 Hessed wormation The follow me to the gros played below) Due Corporation is a merchanding company that is preparing a master buget for the theater of the calendar year. The company's balance thout as of neth shown below Tors C 141 3. www.my Piet dui, et terem Total acts Les torty et pa S. dering Total scority 15.20 The company managers have made the following admonumoons and me Estimated sales for July August September and October will be $370.000, 5390.000 $380.000 5400.000 Spectvo 2 As los are on credit and all credit sales are collected. Each month's credits are collected 35% north of and 65 in the month following the sale. All of the accounts receivable June 30 wil te corected July 3. Each morning inventory must egual 30% of the cost of next months. The cost of goods sold is 75% of the company pays for 405 of merchandise purchases in the month of the purchased the remaining 60% in the morth following the duronese At of the accounts payable a une sobe in my 4 Morty og and administrative expenses rays 60.000. Each month 57000 or monterection expense and the rem 543.000 rentes to experies that we paid in the more they read 5. The company does not plan to borrow money or pay ordere vidends during a careed September 30. The comery Count plan to be any common stock or purchase own stock during the quarterende Secember 30 How much is the company's expected Net Operating income for the quarter ending on September 307