The Fisher Merchandising Company currently sells products only through its store in Lowell, MA. The companys expected income statement for store operations in March is presented below. Fisher Merchandising Company Income Statement (for Store Operations Only) For the Month Ended March 31 Sales $400,000 Cost of Goods Sold $240,000 Gross Profit $160,000 Operating Expenses $112,000 Income Before Taxes $48,000 Income Taxes Expense $16,800 Net Income $31,200 In addition to continuing its store sales, the Fisher Merchandising Company is considering expanding sales in April by selling through catalogs. The company expects to make catalog sales of $30,000 in April. The company expects its cost of goods sold to continue to average 60% of sales. Catalog operating expenses, other than uncollectible accounts expense, are expected to be 19% of catalog sales. The companys income taxes rate is expected to continue to average 35% of income before taxes. Although the company collects all its accounts receivable resulting from store sales, it expects to collect only 98% of catalog sales. Determine the expected cost of goods sold for the companys April $30,000 catalog sales. A) $3,705 B) $18,000 C) $12,000 D) $30,000 E) $6,000