Seles ere budgeted at S170,OOO for December and S140,OOO for January, terms lieom. n/60. Collectlons ere expected to Oe 50% In the month of sale and In the month followlng the sole Two percent of soles ere expected to be uncollectlble and recorded In an allowance account the end of the month of sole Bad debts expense Is Included as part of operatlng expenses. Gross margln Is 30% of gross sales. All accounts recelveOIe are from credlt soles Bad debts ere wrltten off egelnst the allowance account ot the end oflhe month followlng the month of sale Goldberg deslres to have 80% of the merchandlse for the followlng month's soles cri hand the end of each montm Payment for merchandlse Is made In the month followlng the month of purchese. Other monthly operatlng expenses to Oe pelt In cosh total S13,600_ Annuel depreclatlon Is $132,000, one-twelfth of whlch Is reflected es part of monthly operatlng expenses. Goldberg Company's statement of finenclel posltlon ot the close of buslness cri November 30 follows: GOLDBERG COWAW go, 2922 s 12,eeg see, egg assets equity see, eeg ng,2eg (net cF sa,eeg Ellowa plant, and equipmen r- doubtful (net cF ssze,gee cc mulated deprec1Et10 rotal Liabilities and Stockholders' Acc s payable Retained rotal 12 and equity Requ Ired: 1. What Is the total of budgeted cosh collectlons for December? 44, egg 9S,2eg 132,eeg 2 How much Is the book value of accounts recelvable the end of December? 3. How much Is the Income (loss) before Income taxes for December? 4. What Is the projected balance In Inventory on December 31, 2022? 5_ What are budgeted purchoses of Inventory for December? 6_ What Is the projected OaBnce In accounts payable on December 31, 2022? (For all requlrement;, Do not round Intermedlate calculatlons.) Dece purch 31st