Determine the production cycle for the firm.

XYZ Corporation

Selected Income Statement Items, $2021$

Cash Sales: $$3,000,000$

Credit Sales: $$8,000,000$

Total Sales: $$11,000,000$

COGS: $$7,500,000$

XYZ Corporation

Selected Balance Sheet Accounts

$12/31/202112/31/2020$ Change

Accounts Receivable $$300,000$ $$250,000$ $$50,000$

Inventory $$150,000$ $$120,000$ $$30,000$

Accounts Payable $$130,000$ $$110,000$ $$20,000$