Vaughn, Inc. provided the following budgeted information for March through July:

• Vaughn estimates that it will collect 40% of its sales in the month of sale and 60% in the month after the sale.
• General operating expenses are budgeted to be $31300 per month of which depreciation is $3000 of this amount. Vaughn pays operating expenses in the month incurred.
• The income tax rate is 30%.

How much is budgeted net income for May?

Question 6 of 20 Current Attempt in Progress Vaughn, Inc provided the following budgeted information for March through July Projected sales Projected merchandise purchases Inventory at end of month March April May June July $104100 5122500 5115100 5131700 5141500 581700 $92000 575600 $66200 $73200 511900 $13400 511100 12200 $14500 Vaughn estimates that it will collect 40% of its ales in the month of sale and in the month after the sale . General operating expenses are budgeted to be $31300 per month of which depreciation is $3000 of the amount whom operating experises in the month incurred, The income tax rate is 30% How much is budgeted net income for May? O $4130 O $7900 $5590 O $5900 Assistance