SCENARIO: Pocket Jangle Corp. (PJC) manufactures keychains and is considering a level production model. The Finance Director at PJC wants to better understand how the current assets of the firm will fluctuate based on level production and seasonal sales. Each keychain sells for $2.00 and each cost $1.00 to produce. PJC's average monthly production is equal to their anticipated annual production volume divided by 12. The firm anticipates the following monthly sales (in dollars) for next year: January February $20,000 15,000 March 5,000 April 3,000 May 1,000 June 3,000 July 10,000 August 14,000 September 20,000 October 25,000 November 30,000 December 22,000 $168,000 Total As the newly hired Finance Manager at PJC, you have been asked to prepare a cash budget and supporting schedules to help identify financing requirements, as well as, to report on the position of current assets during the period.