Carver Lumber-sells lumber and general building supplies to buliding contractors in a medium-sized town in Montanas. Data regarding the store's onerations follow: - Sales are budgeted at $365,000 for November, $335,000 for Decembet, and $315,000 for fanuary. - Collections are expected to be 80% in the montri of sale and 20% in the month following the sale. - The cost of goods sold is 75% of sales. - The compary desires to have an ending merchandise inventory equal to 608 of the following months cost of goods sold. Paymant for mereharidise is made in the month following the purchase. - Other monthly expenses to be paid in cash are $26,200. - Monthy deprecintion is $19.000 - Ignore taxes. The net income for December would be: Muliple Choice $38.550 $43.050 $57,550 532.075