A school Bag Manufacturer produced 5,200 units of school bags per year. The selling price and cost structure per bag are as follows: Raw Materials Wages Expenses $ (per unit) 100 60 40 200 50 250 Total cost Profit Selling price Other information: Raw materials in Stock for 3 weeks. (ii) Processing period 2 weeks. (iii) Finished goods are in stock for 1 week. (iv) Credit period allowed to customer 2 weeks. (v) Credit period allowed by supplier 2 weeks. (vi) Wages and expenses are paid a gap of 1 week. (vii) Balance of Cash to be kept as $ 10,000. Prepare a statement showing working capital requirement.