Slattery Corner Shoppe is a local convenience store with the following information: E (Click the icon to view the information.) Data Table Read the requirements. November December October sales were $280.000. Sales are projected to go up by 10% in November (from the October sales) and another 25% in December (from the November sales) and then return to the October level in January. 25% of sales are made in cash, while the remaining 75% are paid by credit or debit cards. The credit card companies and banks (debit card issuers) charge a 2% transaction fee, and deposit the net amount (sales price less the transaction fee) in the store's bank account daily. 246,400 $ 308,000 Cost of goods sold 40,800 32,400 Plus: Desired ending inventory 287,200s 340.400 Total inventory required 34,640 40,800 Less: Beginning inventory 252,580 s 299,600 Purchases Slattery Corner Shoppe's gross profit is 20% of its sales revenue. For the next several months, the store wants to maintain an ending merchandise inventory equal to $10,000 + 10% of the next month's cost of goods sold. The September 30 inventory was $32,400. Expected monthly operating expenses include: Wages of store workers are $9,300 per month Utilities expense of $1,600 in November and $1,800 in December Property tax expense of $1,900 per month Property and liability insurance expense of $900 per month Depreciation expense of $5,000 per month Requirement 3. Prepare the operating expense budget for November and December. Slattery Corner Shoppe Operating Expenses Budget For the Months of November and December December November Wage expense Transaction fees, as stated above, are 2% of credit and debit card sales Utilities expense Property tax epense Print Done Property and liability insuranse expense Depreciation expense Credit/Debit card fees expense Total operating expenses