please assit me with the Balance Sheets & Cash in & outflows for Jan, Feb & March.

USE THE FOLLOWING INFORMATION TO ANSWER QUESTIONS 1 - 15 Given the assumptions below concerning the Fast Growth Company, construct monthly income statements, balance sheets and cash inflow-outflow statements for the company for the months of January, February and March. Use the data in these statements to answer the questions below. . . . ASSUMPTIONS: Initial investment (made on January 1 when company begins operations) - $550,000 Selling price = $55 per unit COGS = variable cost = $35 per unit Fixed costs = $30,000 per month Credit policy = net 45 days (assume all sales are on credit) Inventory policy = 20-day supply (Note that this means inventory at the end of the month will be 2/3rds of sales for that month. Thus, given that January sales - 3,000 units (see below), January ending inventory will be 2,000 units). Inventory carried at cost (i.e., at $30 per unit) All bills are paid immediately (this implies that accounts payable and accruals = $0) Dividends = 50% of monthly net income There are 30 days in every month All revenues, costs, cash inflows and cash outflows are evenly distributed through the month If additional funds are needed, these will be in the form of debt (i.e., bank loans). The company will borrow money if cash $0 on the balance sheet. The amount borrowed will be what is necessary to balance the balance sheet with cash = $0. Monthly Sales: January = 3,000 units, February = 6,000 units, March = 9,000 units January Income Statement Revenue 165,000 - COGS 105,000 - Fixed costs 30,000 30,002 Net income 15,000 Dividends Addition to retained earnings 15,000