Montana. Sales are 18) Carver lumber sells limber a general building supplies to building con tractors in a medium sized town on Data regarding the store's operation follows: budgeted at 43 50.600 for November 1320.000 for December 2300.000 for January. Collectons are expected to be 90% in the month ofsale 2 10% on the month . The cost of goods sold as 75% of sales npany desires to have an ending merchandise sentory month's east of goods sold Payment for merchandise as made in the month following the purchase Other monthly expense to be paid in Monthly elepreciation is 16000 Ignore taxes following the sale The com . equal to 60% of the following . dincash are $24400 18) etinued Balance sheet October 31 Assets Cash $19oos Accounts receivable $44.000 Inventory $157,500 Property, plant a equipement, not 1,002,000 $450 2.000 accumulated depaeclalia Totat assets $ 1,255,300 liabilities a stockholder Equity $ 292000 . Commoun stock Retown Earnings Total liabilities & stockholders $ 1,255,500 $ Equity * Retained earning at the end of December coould be O $236,400 O$289.600 Account payabe 480.000 20 3,500 o $203.500 08296.000