IT's monthly operating expenses are given below: Variable: Sales commissions $20 per table sold Fixed: Wages and salaries $19,000 Utilities 1,700 Insurance 1,500 Depreciation 2,100 Miscellaneous 2,200 All operating expenses are paid in the month for cash, with the exception of depreciation and insurance. Insurance is paid once a year in January ($18,000) then expensed over the entire year. The company plans to purchase some new manufacturing equipment in April for $26,000. IT declares a dividend of 20th CA 20th