Emerald City Umbrellas sells umbrellas and rain gear in Seattle, so its sales are fairly level across the year. However, it is branching out to other markets where it expects demand to be much more variable across the year. It expects sales in its new market of: Q1 $20,500 Q2 $50,000 Q3 $9,750$49,750 Sales It carries inventory equal to 18% of next quarter's sales, has accounts payable of 1 1% of next quarter's sales, and accounts receivable of 22% of this quarter's sales. a. Assume that it starts with $3,690 in inventory, $2,255 in accounts payable, and no accounts receivable for the new market. Forecast its working capital levels and changes over the four quarters. b. If Emerald City Umbrellas has net income equal to 18% of sales, what will be its financing needs over the four quarters