Ed's Appliances Ltd

$($

Ed

$\text{'}$

s

$)$

$$sold a furnace to a customer in October of

$2$

$0$

$2$

$3$

$$for $

$1$

$0$

$,$

$0$

$0$

$0$

$.$

$$The mark

$-$

up on the $

$5$

$,$

$0$

$0$

$0$

$$cost of the furnace was

$1$

$0$

$0$

$\%$

$.$

$$The customer paid

$2$

$0$

$\%$

$$of the purchase price on delivery, with the remainder of the purchase price due in March

$2$

$0$

$2$

$4$

$.$

$$What is the maximum reserve Ed's can claim for the taxation year ending November

$3$

$0$

$,$

$2$

$0$

$2$

$3$

$?$

$$$

$2$

$,$

$0$

$0$

$0$

$.$

$$$

$8$

$,$

$0$

$0$

$0$

$.$

$$$

$4$

$,$

$0$

$0$

$0$

$.$

$$$

$6$

$,$

$0$

$0$

$0$

$.$

$$None of the above.

$*$

$*$

$*$

Wrong answers will get $10$ dislikes. Need a Genuine and correct answer. Do not copy$$from$$others$.$