company's master budget 24) Barnes Company expects to begin operating on January 1. The contained the following operating expense budget January February March 36,000 $ 36,000 $ 36,000 Salary expenses Sales commissions, 5% of sales 30,000 2,800 1,000 7,200 1,800 32,000 2,800 1,000 7.200 1,800 24,000 2,800 1,000 7,200 1,800 Depreciation on store equipment Rent Total operating expenses S 78,800$ 80 800$ 72 800 Sales commissions are paid in cash in the month following the month in which the expense is recognized. ll other expense items requiring cash payment are paid in the month in which they amount of accumulated depreciation appearing on the company's March 31 forma balance sheet is $1,000 B) $3,000 C) $2,000 D) $12,000 25) Which of the following accounts would appear on the sales budget and the pro forma income statement? A) Sales revenue B) Accounts receivable C) Selling and administrative expenses D) Both sales and accounts receivable are correct 26) Purchases on account are given below October November December 30,000 40,000 50 55% of the month's purchases will be paid in the month of the purchase, the remaining 45% will be paid in the following month. How much cash will be paid in November for purchases on account (for example, how much will Accounts Payable decrease in November)? A) $40,000 B) $36,000 C) $34,500 D) $35,500