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TB MC Qu. 8-161 (Static) Bonkowski Corporation makes one product and ... Bonkowski Corporation makes one product and has provided the following information to help prepare the master budget lor the nen four mortha operations: Credit sales are collected: 30% in the month of the sale 70% in the following month Raw materials purchases are paid: 30% in the month of purchase 70% in the following month The ending finished goods inventory should equal 30% of the following month's sales. The ending raw materlals inventory should equ Credit sales are collected: 30% in the month of the sale 70% in the following month Raw materials purchases are paid: 30% in the month of purchase 70% in the following month The ending finished goods inventory should equal 30% of the following month's sales. The ending raw materials itiventory should equal 10% of thi following month's raw materials production needs. The estimated net operating income (loss) for February is closest to: Multiple Choice $85,000 $118,800 $48,800 $86,000