Data concerning Wislocki Corporation's single product appear below: Per UnitPercent of Sales Selling price$180 100% Variable expenses 45 25% Contribution margin$135 75% Fixed expenses are $1,034,000 per month. The company is currently selling 9,500 units per month. Required: The marketing manager would like to introduce sales commissions as an incentive for the sales staff. The marketing manager has proposed a commission of $15 per unit. In exchange, the sales staff would accept an overall decrease in their salaries of $112,000 per month. The marketing manager predicts that introducing this sales incentive would increase monthly sales by 720 units. What should be the overall effect on the company's monthly net operating income of this change

Problem 1. the following balance sheet contains errors. lopez services,inc. balance sheet for the year ended december 31, 20-- assets liabilities current assets: current liabilities: cash $ 6,170 accounts receivable $ 9,000 accounts payable 8,500 accum. depr- building 13,525 supplies 1,590 accum. depr- equipment 6,340 prepaid insurance 345 net income 12,500 land 25,000 total current assets $ 42,105 total liabilities $ 40,865 stockholders equity property, plant, and equipment: wages payable $ 500 building $ 45,500 retained earnings 10,000 equipment 28,250 total stockholders' equity $ 64,490 total property, plant, and equipment 73,750 total assets $115,855 total liabilities and stockholders' equity $115,855 (a) list the errors in the balance sheet above and (b) prepare a corrected balance sheet using ms excel