. ected to be 60% of sales. Each month's ending inventory equals 20% of next month's cost of goods sold. 40% of each month's merchandise purchases are paid in the current month and the remainder is paid in the following month Monthly selling and administrative expenses that are paid in cash in the month incurred total $5,500. Monthly depreciation expense is $3,000. Dividends of $1,000 to be declared in October and paid in November. . . . The expected net operating income for October is: $11,260 $12,300 O $14.260 $21,660 The expected cash disbursements in October are: $35.260 $30.480 $38.260 $29.760 . ected to be 60% of sales. Each month's ending inventory equals 20% of next month's cost of goods sold. 40% of each month's merchandise purchases are paid in the current month and the remainder is paid in the following month Monthly selling and administrative expenses that are paid in cash in the month incurred total $5,500. Monthly depreciation expense is $3,000. Dividends of $1,000 to be declared in October and paid in November. . . . The expected net operating income for October is: $11,260 $12,300 O $14.260 $21,660 The expected cash disbursements in October are: $35.260 $30.480 $38.260 $29.760