Lecture Questions Marigot, Inc. provide the following budget for Hard March A May June July Pred ISTORPOO 11200111001100101100 merchandises 2700 370000 567000 73000 Intermath 11600013700 111000 1200114900 Hold me that will ette is the most of and on the more the sale Orari de 1000 month which is $300 hit, Harper in the more The son BOB 100 60 Click if you would like to show Work for this questioni Show Work Post-Lecture Question 03 Marigold, Inc. provided the following budgeted information for March through July March April June July Projected sales $1047005122500 $115300 5101700 $141100 Projected merchandise purchases $1500 $92700 576000 $67000 573000 Inventory at end of month $11600 $13200 511000 512900 $14900 May Marigold estimates that it will collect 40% of its sales in the month of sale and 60% in the month after the sale General operating expenses are budgeted to be $30500 per month of which depreciation is $3200 of this amount. Marigold pays operating expenses in the month incurred. The income tax rate is 30% How much is budgeted net income for May? $6600 $8600 $6290 $4620