Candice Inc. provides you with the following budgeted information for two months in year 2019: Sales Manufacturing Costs Capital Expenditures* March April $545,000 $615,000 150,000 310,000 110,000 25,000 General and Administration Costs (including amortization) 50,000 100,000 includes training programs, machines and buildings Expectations: Cash sales represent 20% of total sales All sales on account are collected in the following month 65% of March's $110,000 worth of capital expenditures is to be paid at the end of March. The remainder is to be paid in the following month. Apri capital expenditure will be paid in May. Monthly amortization represents 15% of general and administration costs Manufacturing costs and general and administration costs are to be paid in the month in which they are incurred Dividends of $5,000 are expected to be declared in March and paid in April Candice Inc. obtains the minimum financing needed to ensure at least a $35,000 cash balance at the end of the month through a bank loan. Assum that any amount taken out of the bank loan may be repaid only at year end. As of March 1 Cash $28,000 Accounts Receivable* 155,000 Inventory 130,000 Long-Term Assets 90,000 Accumulated Depreciation 6,000 Accounts Payable 13,000