1. Real Sales 2018: January - $100,000 February - $200,000 March - $150,000 Projected for 2018: April - $400,000 May - $300,000 June - $200,000 Sales Payment History: 10% cash 40% Accts. Rec. - collected n/30 days 50% Accts. Rec. - collected n/60 days Bad Debt Expense - negligible Other Receipts: Dividend due the firm - $40,000 in June. 2. Purchases: 60% of Sales - same month of expected sale. 20% Paid Cash 50% Paid 30 Days 30% Paid 60 Days Interest Payment: May = $140,000 Rent: $6,000/month Wages: 15% Sales + $7,000 Fixed Cost Taxes: $20,000 in April Sinking Fund: $10,000 due June Dividend Payments: April = $30,000 Capital Investments: $20,000 in June Repurchase or Retirement of Stock - None Anticipated 3. Cash Balances: @ 2/28 = $60,000; must maintain $45,000 Cash Balance Minimum