help with 6-9 thank you

Use the following information to answer q uestions 6 through 9. A firm currently offers credit terms of 2/10, n/30. You want to change the credit policy to 210, n/35. As a result of this change, sales are expected to rise by 15%; bad debts will rise from 1% to 3% of sales. All sales are credit sales. Currently 30% of customers pay off their accounts in 10 days with 69% paying in 30 days and 1% paying in 100 days. The change will not affect the 30% paying early but is expected to increase the 1% late payers to 3%. Assume: 365 day year 8% cost of capital Operating expenses change as a percentage of sales Taxes are at the 40% rate Interest expense will drop by $1,000 Income Statement Before credit change Sales COGS Gross Profit $200,000 120.000 80,000 Bad debts expense Operating expenses40,000 2,000 EBIT Interest expense 2.000 38,000 EBT 36,000 Taxes s 21,600 Net Profit Balance Sheet Before change $30,000 Cash Accounts Receivable 13,534 Inventory 25,600 6. Calculate the change between the old and new accounts receivable collection period: decreases by 4.75 days ncreases by 1.4 days c. decreases by 2 days d. increases by 4.75 days 7. After the credit changes, the new net income is projected to be a. $28,800 b. $26,000 c. $22,860 d. $26,460 8. What is the amount of the new accounts receivable after the credit change? a. $16,447 b. $15,564 c. $16,000 d. $18,954 9. What will cash be after the increase in sales if cash remains the same percent of sales? a. $30,000 b. $33,700 c. $34,000 d. $34,500