Carter Lumber sel b er and general building ople to building contractors in a med w in Montana, Data regarding the store's operations follow o Sales are budgeted at $486,000 for November 5496,000 for Decembec and $505.000 for an o Collections are expected to be 70. in the month of sale. 27. in the month following the sale and o The cost of goods sold is 85% of sales o The company desires to have an ending merchandise inventory equal to 80% of the following onths cost of goods sold Payment for merchandises made in the month following the purchase. Other monthly expenses to be paid in case $32.700 Monthly depreciation $15.000 loneta Accounta b lowance for POT, 545000 cute precio U Stockholders Equity Acne common och Totalt ande t The net income for December would be 0541700 O 526.700 O 54,120 $1820