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The company plans to spend $380,000 on equipment in the first quarter of 20X7. Salaries and other operating expenses (paid as incurred) will be $35,000 per month beginning in January 20X7 and will continue at that level thereafter. The company will receive its first revenues in January 20X8, with cash collections averaging $30,000 per month for all of 20X8. In January 20X9, cash collections are expected to increase to $100,000 per month and continue at that level thereafter