CLICCry the two pecialty downtrende sportske in the Rocky Mountain - wbud 220.000 for December 200.000 for any . Collection acted to be in the month of sales and in the month following the sale. Two percent of sales expected to be uncollectible and recorded in an account at the end of the month of sales Bad det pemes are included part of the operating Grass mus ratio is 25 Al cente recebes are from credit sales. Bad debts are written oft ainst the allowance account at the end of the month following the Christy foorts desires to tuve o or the cost of the merchandise for the following month of sales on hand at the end of each month Payment for merchandises made in the month following the month of purchase. Other monthly operating expenses fewcluding depreciation to be paid in cash total $22.600 Annual stor building depreciation is $216,000, one-twelfth of which is reflected as part of monthly operating expenses Christy Sports Balance Sheet on November 30 follows: $22.000 A/P $162.000 $800.000 Common Stock $76,000 A/R net $132.000 Retained Earnings inventory $138.000 PPGE 5870,000 Total Liabilities and equity $1,100,000 Total Assets $1,100,000 Required 1. Wat is the total of budgeted cash collections for December? 2 How much is the income foss) before income taxes for December? 3. What is the projected balance in inventory on December 31? 4. What are the budgeted purchases for December? S. What is the projected balance in accounts payable on December 31? Edit View mert Format Tools Table