Prepare a cash flow projection for a construction company that currently has two projects under contract for the next year and anticipates picking up a third and fourth project during the year. The second project started last December, and the owner has yet to make a payment. The projects owner will hold 10% retention on this project and is expected to release the retention in August. The construction company will withhold retention from the payments to its subcontractors. The estimated bills to the projects owner and construction costs for the second project are shown in Table

\begin{tabular}{lccccc|} \hline & \multicolumn{5}{c}{ Costs } \\ \cline { 3 - 6 } Month & Bill to Owner (\$) & Material (\$) & Labor ($) & Sub. (\$) & Other (\$) \\ \hline December & 11,900 & 3,400 & 3,700 & 1,400 & 1,300 \\ January & 33,300 & 10,300 & 9,400 & 4,300 & 4,000 \\ February & 42,200 & 11,100 & 10,700 & 4,900 & 4,400 \\ March & 44,600 & 14,700 & 14,500 & 6,300 & 5,400 \\ April & 70,000 & 21,500 & 19,100 & 9,500 & 7,600 \\ May & 32,200 & 8,900 & 8,800 & 3,600 & 3,100 \\ June & 45,300 & 12,800 & 12,800 & 5,400 & 5,000 \\ July & 15,200 & 4,600 & 4,100 & 1,900 & 1,700 \\ \hline Total & 294,700 & 87,300 & 83,100 & 37,300 & 32,500 \\ \hline \end{tabular}