Jesse Pinkman is a merchandiser of calculators, and began his operations on April 1. The company expects sales in the first month of operations to be $20,000, all of which are cash sales. Inventory purchases during April are projected to be $6,000. Purchases are paid for in the month following the month of purchase. No purchase discounts are available. The company's expected operating expenses are as follows: Salaries and Wages (paid on the last day of each month) $3,000 per month Lease Expense (paid on the 15th day of each month) $1,250 per month Utilities Expense (paid on the 1st day of the following month) $650 per month Depreciation Expense $350 per month Jesse Pinkman plans to take out a business loan