all are under one question. So don't say can't answer because of protocols.

Q3. Fill in the blanks of Table 1: Monthly Cash Outflows and Table 2: Monthly Cash Inflows. Then, use the information to generate Table3: Pro-Forma Cash Flow Budget and answer the following questions. (10 points in total) Item Table 1: AgBiz Estimated Monthly Cash Outflows (Jan.-Apr:) Jan Feb Mar Apr $8,000 $9,000 $6,000 $12,000 $11,000 Sales Purchases(S) Payment of Account Payable $5,000 $4,000 $1,000 $1,000 $1,000 Payment of Overhead $1,000 Total Cash Outflows Inventory Levels $11,000 Assumptions: 1. The inventory turnover rate is 12. 2. Inventory is equal to current month's purchases + previous month's purchases 3. Cost of goods sold=50% of sales 4. Account payable turnover ratio=6. Item Sales Table 2: AgBiz Estimated Cash Inflows (Jan. - Apr.) Jan Feb Mar $8.000 $9,000 Apr Cash Sales ($) Account Receivable $2.000 $3,000 (2 month old) Account Receivable $1,000 $1,000 $2,000 (3 month old) Total Cash Inflows Assumptions: 1. Sales are 2/3 cash, and 1/3 credits. 2. Account Receivable ratio is 4. Table 3: Pro-Forma Cash Flow Budget Item Initial Cash Balance Jan $1,000 Feb $1,000 Mar $1,000 Apr $1,000 Cash Inflow Total cash available Cash Outflow Net Cash Need Borrowings End Cash Balance $1,000 $1,000 $1,000 $2,000 Cumulative borrowings (Hint: These three tables are consistent. You are able to get cash inflow from table 2 and cash outflow from table 3) Based on the above Pro-Forma Cash Flow Budget, answer the following two questions: (1) Does the business need to borrow money? If yes, how much money needs to be borrowed? (2) When does the money need to be borrowed? When will the loan be repaid