b. Merchandise purchases were$43,000 and $81,000 for March and April respectively. Typically, 20% of total purchases are paid for in the month of purchase with a 5% cash discount. The balance of purchases is paid for (without discount) in the following month. March purchases s April purchases Cash paid in Apri 0 X c. Fixed administrative expenses, which total $14,000 per month, are paid in the month incurred. Variable administrative expenses amount to 20% of total monthly sales revenue, one-half of which paid in the month incurred, with the balance paid in the following month. April fowed expenses s 0 x March variable expenses April variable expenses Cash paid in April d. A store asset originally costing $11,000, on which $6.000 depreciation has been taken, is sold for cash at a loss of $400 so x Check You have correctly selected 0 5 6 8 9