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# Use the following to answer questions 41-43: The Grainger Company's budgeted income statement reflects the following amounts:

*Of this balance, $35,000 will be collected in January and the remaining amount will be collected in February.

The monthly expense figures include $5,000 of depreciation. The expenses are paid in the month incurred.

41. Grainger's expected cash balance at the end of January is:

A. $87,000.

B. $89,160.

C. $92,000.

D. $94,160.

E. $113,160.

Answer: D

42. Grainger's budgeted cash receipts in February are:

A. $91,000.

B. $95,000.

C. $113,090.

D. $113,640.

E. $114,000.

Answer: E

43. Grainger's budgeted cash payments in February are:

A. $75,660.

B. $94,860.

C. $97,200.

D. $99,860.

E. $102,200.

Answer: B

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