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Grouper, Inc. is a distributor of prepaid telephone cards to customers in its convenience stores. When Grouper sells the cards, it then pays the telecommunications
Grouper, Inc. is a distributor of prepaid telephone cards to customers in its convenience stores. When Grouper sells the cards, it then pays the telecommunications company, TeleExpress, less a commission of 20 percent of the selling price to customers. Grouper receives $3,700 in cards in January 2020. Grouper sold 45% of the cards in February, 30% in March, and 25% in April. It costs TeleExpress $3,020 to provide the telephone service on the cards sold by Grouper. Indicate how much income Grouper should recognize in January, February, March, and April. (If answer is O, please enter O. Do not leave any fields blank.) January income February income March income April income +A $ +A $ +A $ +A $
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