Total expenses excluding CGS (in unit dollars, two decimal places, use standard accounting rounding): After completing Part C of the term project you have the following: Revenue CGS Costs Depreciation 15,000 100,000.00 15,000.00 45,000.00 Salaries 30,000 Net Income 40,000.00 Assets 110,000.00 Liabilities 70,000.00 Cash 20,000.00 Salaries Payable 70,000.00 Equipment AD Equipment (10,000.00) 100,000.00 Net Income 40,000.00 Total Liabilities + OE 110,000.00 Answer: