$4.$ Fielding Wilderness Outfitters had projected its sales for the first six months of $2017$ to be as follows Table $1$ Jan. $$50,000$ Feb. $$60,000$ March $ $100,000$ April $$180,000$ May $$240,000$ June $$240,000$ Cost of goods sold is $60\%$ of sales. Purchases are made and paid for two months prior to the sale $40\%$ of sales are collected in the month of the sale, $40\%$ are collected in the month following the sale, and the remaining $20\%$ in the second month following the sale. Total other cash expenses are $$40,000/$month$.$ The company's cash balance as of March $1,2017$ is projected to be $ $40,000,$ and the company wants to maintain a minimum cash balance of $$15,000.$ Excess cash will be used to retire short $-$term borrowing $($if any exists$).$ Fielding has no short $-$term borrowing as of March $1,2017.$ Assume that the interest rate on short$-$term borrowing is $1\%$ per month. Based on the information in table $1,$ how much short$-$term financing is needed by march $30,2017?$