Ponzi Products produced 92 chain letter kits this quarter, resulting in a total cash outlay of $12 per unit. It will sell 46 of the kits next quarter at a price of $13, and the other 46 kits in two quarters (in Quarter 3) at a price of $14. It takes a full quarter for it to collect its bills from its customers. (Ignore possible sales in earlier or later quarters and assume all positive cash flow is distributed as expenses or earnings to shareholders.)

a.	Prepare an income statement for Ponzi for today and for each of the next three quarters. Ignore taxes.