just questions 14 and 15

Use the following information on Ace Industrial Supply to complete problems 13-15. Ace Industrial supply sells its products at an average price of $10/unit. The products cost $5.50 /unit . Ace Industrial pays its suppliers for inventory deliveries at the time of delivery. Ace's cus tomers are given 30 days to pay (e.g. , payments for sales from March are received in April, etc.) Ace has been growing rapidly. Sales in March and April were 5,000 units. 8,000 units were sold in May, and 10,000 units were sold in each of June and July. The following table presents select information for the months of March through July. Ace Industrial Supply March April May June July $50,000 Revenue Cost of Goods Sold Operating Expenses Depreciation Inventory Purchases Taxes Ending Cash Balance $50,000 $80,000 $100,000 $100,000 $27,500 $44,000 $55,000 $55,000 $15,500 $19,000 $24,000 $24,000 $1,627 $1,627 $1,627 $1,627 $27,500 $44,000 $55,000 $55,000 $1,128 $3,228 $4,068 $4,068 $10,400 13. Prepare a profit and loss statement for ACE Industrial Supply for each month April through July 14. Prepare a cash flow statement for Ace Industrial Supply for each month April though July. 15. How much additional cash does Ace Industrial Supply need to fund its growth over this period? D E Ace Industrial Supply Cash Flow Statement Exercise #14 April May June July $ 50,000 C.Equals Ending Cash Balance of Previous Month