po ceni a. Management expects to sell equipment that cost $14,000 at a gain of $5,000. Accumulated depreciation on this equipment is $5,000. b. Management expects to sell 7,700 cases of water in August and 9,700 cases in September. Each case sells for $17. Cash sales average 20% of total sales, and credit sales make up the rest. Three-fourths of credit sales are collected in the month of sale, with the balance collected the following month. c. The company pays rent and property taxes of $4,600 each month. Commissions and other selling expenses average 20% of sales. Agua Clean pays one-half of commissions and other selling expenses in the month incurred, with the balance paid the following month