Sweeney projects sales of $500,000. Cost of goods sold is 40% of sales, and administrative costs are $25,000. Depreciation of $5,000 is included in…

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Sweeney projects sales of $500,000. Cost of goods sold is 40% of sales, and administrative costs are $25,000. Depreciation of $5,000 is included in these expenses. There are no changes in inventories, payables, or receivables.