Joes Bakery began operations on March 1, 2017. During the month, Joe had in-store sales of $27,500 for which the bakery was paid at the time of sale and had $13,500 of sales to commercial customers who will pay in 35 days. What were the bakerys cash inflows for the month?

a. What were the bakerys cash inflows for the month?

b. During March 2017, Joes Bakery paid rent of $3,500, paid utility bills of $4,000, paid wages and salaries of $12,000, paid $5,600 for baking supplies, made a loan payment of $2,200, and paid general operating expenses of $3,700. What are the bakerys cash inflows for the month?

c. Assuming the bakery had a beginning cash balance of $1,700, prepare a monthly cash flow statement of Joes Bakery.

d. Assuming the bakery pays the same expenses in April as it did in March, does $29,000 of in-store sales in April, and collects 80% of its receivables from March, prepare a cash flow statement of Joes Bakery for April.