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A company's data regarding its operations follow: 3. The cost of goods sold is 50% of sales. 4. Other monthly expenses to be paid in

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A company's data regarding its operations follow: 3. The cost of goods sold is 50% of sales. 4. Other monthly expenses to be paid in cash are $63,000. 5. Monthly depreciation is $15,000. 6. 60% of the purchase is paid for in the month of purchase, the remainder is paid in the following month. 7. The companv declared a special dividend of $10.000 on November 5 th he nail an Nnuemhar Q. Budgeted net income for November would be

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