earker item (Rours your answors to the neatest vithole dolar) (Cick the icon to view the werms) a. Management expects to sell equipment that cost $20,000 at a gain of $8,000. Accumulated depreciation on this equipment is $8,000 b. Management expects to sell 7,300 cases of water in August and 9,000 cases in September. Each case sells for $12. Cash sales average 20% of total sales, and credit sales make up the rest. Three-fourths of credit sales are collected in the month of sale, with the balance collected the following month. c. The company pays rent and property taxes of $3,800 each month Commissions and other selling expenses average 10% of sales. Agua Ice pays one-half of commissions and other selling expenses in the month incurred, with the balance paid the following month