Prepare a cash flow statement for Ace Industrial Supply for each month April through July.

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 customers 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