include the answer with the formula

Question 6 The following information pertains to the January operating budget for Casey Corporation. Budgeted sales for January $205,000 and February $110,000. Collections for sales are 60% in the month of sale and 40% the next month. Gross margin is 35% of sales. Administrative costs are $14,000 each month. . . * Beginning accounts receivable is $30,000. Beginning inventory is $14,000. Beginning accounts payable is $73,000. (All from inventory purchases) Purchases are paid in full the following month. Desired ending inventory is 30% of next month's cost of goods sold (COGS). At the end of January, budgeted accounts receivable is O $82,000 O $159,000 O $44,000 O $123,000 h Question 8 The following information pertains to the January operating budget for Casey Corporation. Budgeted sales for January $207,000 and February $105,000 Collections for sales are 60% in the month of sale and 40% the next month. Gross margin is 25% of sales Administrative costs are $19,000 each month. . Beginning accounts receivable is $30,000 Beginning inventory is $16,000. Beginning accounts payable is $71,000. (All from inventory purchases.) Purchases are paid in full the following month. Desired ending inventory is 30% of next month's cost of goods sold (COGS). For January, budgeted cash collections are O $154,200 O $124,200 $207,000 O $30,000 Question 9 The following information pertains to the January operating budget for Casey Corporation. Budgeted sales for January $210,000 and February $105,000. Collections for sales are 60% in the month of sale and 40% the next month. Gross margin is 35% of sales. Administrative costs are $15,000 each month. Beginning accounts receivable is $29,000. Beginning inventory is $21,000. Beginning accounts payable is $75,000. (All from inventory purchases.) + + Purchases are paid in full the following month. Desired ending inventory is 25% of next month's cost of goods sold (COGS). For January, budgeted net income is O $69,000 O $111,000 $73,500 O $58,500