Silverman Manufacturing is preparing its master budget for the first quarter of the upcoming year. The following data pertain to Silverman Manufacturing's operations:
Current Assets as of December 31 (prior year):
	Cash					$ 4,500
	Accounts receivable, net					$ 49,000
	Inventory					$ 15,320
Property, plant and equipment, net						$ 121,500
Accounts payable						$ 42,400
Capital stock						$ 125,000
Retained earnings						$ 22,920
(a) Actual sales in December were $70,000. Selling price per unit is projected to remain stable at $10 per unit throughout the budget period. Sales for the first five months of the upcoming year are budgeted to be as follows:
January ..						$ 80,000
February						$ 92,000
March..						$ 99,000
April .						$ 97,000
May ..						$ 85,000