750 0 of Nupes's sales are on credit sales (sales on account). Out of these credit sales, 5000 are collected in the month of the sale, 4900 are collected the following month and 10 0 are never collected and written off as bad debts. All purchases of materials are on account. Nupes pays for 7500 of purchases in the month ofpurchase and 25% in the following month. All other costs are paid by Nupes in the month incuned. Nupes is making monthly interest payments of 1% (12% per year) on a $20,000 long-tenn loan. Nupes plans to pay the $500 of taxes owed as of 30 November 2020 in December 2020. Income tax expense for December is zero. 35% of marketing and general administration costs are depreciation, and 450 0 ofprocessing and set-up costs are also depreciation.