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a Metlock, Inc. is a distributor of prepaid telephone cards to customers in its convenience stores. When Metlock sells the cards, it then pays the
a Metlock, Inc. is a distributor of prepaid telephone cards to customers in its convenience stores. When Metlock sells the cards, it then pays the telecommunications company, TeleExpress, less a commission of 20 percent of the selling price to customers. Metlock receives $3,700 in cards in January 2020. Metlock sold 50% of the cards in February, 30% in March, and 20% in April. It costs TeleExpress $2,980 to provide the telephone service on the cards sold by Metlock. Indicate how much income Metlock should recognize in January, February, March, and April. (If answer is 0, please enter 0. Do not leave any fields blank.) January income $ February income 500 March income $ 300 April income TA $ 200
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