Complete the first three lines of the summary cash budget. Then do the analysis of short$-$term financing needs in requirement $6.$

Then finish requirement $5.$

$[$The following information applies to the questions displayed below.$]$

$$We really need to get this new material$-$handling equipment in operation just after the new year begins. I hope we can finance it largely with cash and marketable securities$,$ but if necessary we can get a short$-$term loan down at MetroBank.$$ This statement by Beth Davies$-$Lowry, president of Intercoastal Electronics Company, concluded a meeting she had called with the firm$$s top management. Intercoastal is a small, rapidly growing wholesaler of consumer electronic products. The firm$$s main product lines are small kitchen appliances and power tools. Marcia Polosky, Intercoastal$$s General Manager of Marketing, has recently completed a sales forecast. She believes the company$$s sales during the first quarter of $20$x$1$ will increase by $10$ percent each month over the previous month$$s sales. Then Polosky expects sales to remain constant for several months. Intercoastal$$s projected balance sheet as of December $31,20$x$0,$ is as follows:

Cash $ $50,000$

Accounts receivable $378,000$

Marketable securities $10,000$

Inventory $215,600$

Buildings and equipment $($net of accumulated depreciation$)647,000$

Total assets $ $1,300,600$

Accounts payable $ $246,960$

Bond interest payable $15,000$

Property taxes payable $2,400$

Bonds payable $(10\%$; due in $20$x$6360,000$

Common stock $500,000$

Retained earnings $176,240$

Total liabilities and stockholders$$ equity $ $1,300,600$

Joaquin Rafael, the assistant controller, is now preparing a monthly budget for the first quarter of $20$x$1.$ In the process, the following information has been accumulated: Intercoastal$$s board of directors has indicated an intention to declare and pay dividends of $$75,000$ on the last day of each quarter.