Sales for XYZ company are shown in the table below: January 10,500 February 11,000 March 12,000 April 13,100 May 14,310 Sales All sales are for credit, with 80% collected the following month and 20% collected during the second month. Purchases of raw materials equals 60% of sales. Purchases are made in the month of the sale, but supplies are paid in the month following the purchase. Wages are $1,000 per month, rent is $1,500, taxes are $600, and a $1,000 loan payment is due in April. Monthly interest expense is $300. What are the net cash flow in March, April, and May? Hint: Use Excel to help you for the working out. Net Cash flow= Cash receipts - Cash disbursements