Is an estimated $350,000 line of credit sufficient for 2007?

Exhibit 1 Operating Statements for Years Ending December 31, 2004-2006, and for First Quarter 2007 (thousands of dollars) 2004 2005 2006 First Quarter 2007 a $ 608 Net sales Cost of goods sold $1,624 $1,916 $2,242 $1818 Gross profit on sales $ 424 $ 109 Operating expenseb Interest expense Net income before taxes $272 $307 30 347 $ 94 $ 21 Provision for income taxes Net income a In the first quarter of 2006, sales were $514,000 and net income was $4,000. b Operating expenses include a normal level of cash salary for Mr. Jones in all periods Exhibit 1 Operating Statements for Years Ending December 31, 2004-2006, and for First Quarter 2007 (thousands of dollars) 2004 2005 2006 First Quarter 2007 a $ 608 Net sales Cost of goods sold $1,624 $1,916 $2,242 $1818 Gross profit on sales $ 424 $ 109 Operating expenseb Interest expense Net income before taxes $272 $307 30 347 $ 94 $ 21 Provision for income taxes Net income a In the first quarter of 2006, sales were $514,000 and net income was $4,000. b Operating expenses include a normal level of cash salary for Mr. Jones in all periods