Sonoma Housewares Inc. instructs you to prepare a monthly cash bue expects to sell about 12% of its merchandise for cash. Of sales on account h (second month following sale). Depreciation, insurance, and property tax d in September, and the annual property taxes are paid in November. Of the id the balance in the following month. as of May 1 include cash of $55,000, marketable securities of $79,000, and unt for March and April were $117,000 and $128,000, respectively. Current g and administrative expenses are paid in cash in the period they are incurred. end of $7,000 is expected to be declared in June and paid in July. Managemen Sonoma Housewares Inc. instructs you to prepare a monthly cash bue expects to sell about 12% of its merchandise for cash. Of sales on account h (second month following sale). Depreciation, insurance, and property tax d in September, and the annual property taxes are paid in November. Of the id the balance in the following month. as of May 1 include cash of $55,000, marketable securities of $79,000, and unt for March and April were $117,000 and $128,000, respectively. Current g and administrative expenses are paid in cash in the period they are incurred. end of $7,000 is expected to be declared in June and paid in July. Managemen