Price Corp. is considering selling to a group of new customersand creating new a

Price Corp. is considering selling to a group of new customersand creating new annual sales of $70000. 5% will be uncollectible.The collection cost on these accounts is 3.5% of new sales thecost of producing and selling is 80% of sales and the firm is inthe 31% tax bracket. What is the profit on new sales?A) $5554.50B) $9660.00C) $7245.00D) none of the above.