FILE Answer the following questions: Undo Clipb Show your work here, including calculations or spreadsheet data, for partial A1 credit (optional). QUA W N - JOO V OUT AWN What is the budgeted net operating income for each month? (3 points each) October 17 18 November 19 December 20 21 22 23 What is the budgeted balance in accounts receivable as of December 31? (3 24 25 26 Powered points) 27 28Qpen Blank preadsheet Ch. 8 Problem Part 3/3 Schenley Shreds manufactures skateboard components to sell. October is their rst month of operations. Data regarding the company's operations follow: - Sales are budgeted at 72,000 units for October, 70,000 units for November, 76,000 units for December, and 73,000 units in January. . Selling price is $5 per unit k . Collections are expected to be 75% in the month of sale, 20% in the month following the sale, and 5% are written off as bad debt expense in the month of sale. - The unit manufacturing cost is $3.25. - The company desires an ending inventory equal to 60% of the cost of goods sold in the following month. . Payment for materials is made in the month following the purchase. - Other monthly expenses to be paid in cash are $21,900. . Monthly depreciation is $20,000. . Ignore taxes. Answer the following questions: 3;\"; c. n. "ma, Hap-A inll-dino- nnlnllln'HAnh m. nrnnAr-knnl 44-. h\" .\\ ' full '1\