Given the information from the Income Sheet and the Receivables schedule below, then the value of Accounts Receivable in February 2017 is closest to: Jan-17Feb-17 Dec-16 179,275 55,107 67,875 90,443111,400 60,350 22,849 37,501 145,550 Total Product Revenues Less: total cost of goods sold Gross Profit 186,102 192,254 198,611 (148,601) (101,811) (87,211) 6,718 Operating Expense EBIT 6,826 50,950 6,609 50,950 Interest Expense Depreciation Investment Income 50,950 (206,377) (159,479) (144,771) ncome Before Taxes Tax Expense Net Income (206,377) (159,479) (144,771) 20% collected in the current month 80% collected in the 2nd month 179,275 48,280 143,420 116,440 Given the Income Sheet below, the Gross Margin in January 2017 is closest to: Feb-17 Jan-17 Dec-16 60,30 145,550 179,275 7,50190,443111,400 192,254 60,350 22,849 Total Product Revenues Less: total cost of goods sold Gross Profit ,10767,875 198,611 186,102 Operating Expense (148,601) (101,81(87,211) EBIT nterest Expense Depreciation Investment Income 6,826 50,95050,950 6,609 50,950 6,718 ncome Before Taxes Tax Expense Net Income (206,377) 59,479)(144,771) (206,377)(159479) (144,771) 455% 39.4% 62.1% 78.3% Suppose a company estimates the following revenues and expenses from an investment for the first operating year. If the company pays taxes at the rate of 30% on its taxable income, the net income during the first year is closest to: Revenue $200,000 $84,000 $4,000 Expenses Depreciation 25,000 81,200 78,400 28,700