3) Crystal Inc. Wants to prepare a short-term financial plan by the end of April in order to see its cash position in May and June. The sales of Crystal Inc. in April was 200 000. Firm estimates a sale of 250 000 in May amd a sale of 300 000 in June. Crystal Inc. extends a one month trade credit to its customers receiving 30% of sales revenue in the month of sale and 70% one month later (so 30% of April sales revenue is received in April, remaining 70% is received in May and this applies to other months as well). Cost of Raw Materials is 60% of each month's sales revenue. Firm pays 50% of the cost of raw materials in the month of sale and 50% one month later (e.g firm pays 50% of the cost of raw materials that it needs for April in the month of April and remaining 50% in the month of May). Crystal Inc. Also pays 120 000 for salaries and wages each month. It also pays a rent of 10 000 each 2/2 month and has a monthly utility (e.g electricity) cost of 4000 each month Firm also has a 40 000 interest payment to a bank in June. Given this a) Calculate the estimated cash inflows and cash outflows of that firm for the months of May and June b) Assume that the firm has a cash amount of 60 000 in its safes by the end of April. Given this; do this firm need to borrow by the end of May and by the end of June. If so; how much