Garden Sales, Incorporated, sells garden supplies. Management is planning its cash needs for the second quarter. The company usually has to borrow money during this quarter to support peak sales of lawn care equipment, which occur during May. The following information has been assembled to assist in preparing a cash budget for the quarter:

a$.$ Budgeted monthly absorption costing income statements for April$-$July are:

$\backslash$table$[[$Sales$,$April,May,June,July$],[$Cost of goods sold,$$610,000,$$$800,000,$$$510,000,$$$410,000$