Rocky Mountain Ski Adventures $($RMSA$)$ owns a well$-$known winter destination resort in British Columbia's interior. RMSA is reviewing its operation and has provided you the following information:

Sales are budgeted to be $$1,650,000$ in March, $$1,885,000$ in April, and $$900,000$ in May. RMSA expects to collect $60\%$ in the month the merchandise is sold and $40\%$ the month after.

COGS is $70\%$ of sales and the company needs to have ending merchandise inventory equal to COGS in the following month

RMSA pays for its merchandise in the month following purchasing it$.$ For example, if RMSA buys merchandise in September, it will pay for it in October.

RMSA must remit the fees on the Point of Sale $($POS$)$ machines and other monthly expenses of $$32,700$ each month in cash.

Monthly depreciation is $$59,000.$

Ignore taxes.

Rocky Mountain Ski Adventures

Balance Sheet

February $28,201$

Assets

$\backslash$table$[[$Cash$,$$$124,000$