Garden Sales, Incorporated, usually has to borrow money during the second quarter to support peak sales of lawn care equipment during May. It gathered the following information to prepare a cash budget for the quarter:

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

$\backslash$table$[[,$April,May,June,July$],[$Sales$,$$$540,000,$$$1,060,000,$$$520,000,$$$420,000$