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lication / Critical Thinking Activity Saved Help Save & Exit Submi Julio and Milania are owners of Falcons Corporation, an S corporation. Each owns 5

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Julio and Milania are owners of Falcons Corporation, an S corporation. Each owns 50 percent of Falcons Corporation. In year 1, Julio and Milania each received distributions of $15,000 from Falcons Corporation.
\table[[\table[[Falcons Corporation (an S Corporation)],[Income Statement]]],[,Year 1,Year 2],[Sales revenue,$300,000,$430,000Saved Help Save & Exit Submi cash disbursements for merchandise purchases that would appear in the company's cash budget for February? Multiple Choice $72.680 $73,680 $70,680 $67,680
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