Marcie sells books in Fargo, North Dakota. Data regarding her store's operations follow:

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10 Marcie sells books in Fargo, North Dakota. Data regarding her store's operations follow: Sales budget November December S 400,000 S 375,000S420,000 Januar Total sales Collection schedule Month of sale Next month Uncollectible 70% 27% 3% 50% of sales *Other monthly expenses to be paid in cash are $25,000 The cost of goods sold is Monthly depreciation is $15,000 60% of the purchase is paid for in the month of purchase, the remainder is paid in the following month. Marcie declared a special dividend of $10,000 on November 5 to be paid on Dec. 15 * Net income for November would be $148,000 $138,000 $108,000 $160,000 S163,000 C. E