Assume the following budgeted information for a merchandising company Budgeted sales (all on credit) for November, December, and January are $250,000, $240,000, and $200,000, respectively. Cash collections of credit sales are expected to be 75% in the month of sale and 23% in the month following the sale. The remainder of the sales is expected to be uncollectible. . The cost of goods sold is always 65% of sales. Each month's ending Inventory equals 20% of next month's cost of goods sold. 40% of each month's merchandise purchases are paid in the current month and the remainder is paid in the following month. Monthly selling and administrative expenses that are paid in cash in the month incurred total $22,500. Monthly depreciation expense is $20,000. Dividends of $5,000 to be declared in December and pold in Janauary . The expected cash collections from customers in December are: $242,500 $250,000 $237,500 $240,000 The ending balance of Accounts Payable for Decomber is: $60,320 $150,800 $90,480 $96,720 The expected net operating income for December A merchandising company provides the following information from its master budget for the month of September: Cash collections from customers Cost of goods sold Cash paid for merchandise purchases Selling and administrative expenses Cash paid for selling and administrative expenses Accounts receivable, September 1 Accounts receivable, September 30 $122.000 $ 87,000 $ 82,000 $ 29,000 $ 30,000 $ 14,000 $ 18,000 If all of the company's sales are on account, what is the budgeted net operating Income for September? (All answers are whole numbers unless specified otherwise. You should NOT include the $ sign or a comma. Egy you should type 1000 for one thousand. Negative numbers should be added with a minus sign, e.g. 1000 for a decrease or loss of one thousand.) Budgeted net operating income for September - $