Sleepy Night Inc is a Bedding retailer.

The following relates to their projected sales for the next quarter

	April	May	June
Cash Sales	30000	35000	65000
Credit Sales	42000	39000	45000
Purchases	55000	50000	45000
Cost of Sales	35000	40000	50000
Rent	15000	15000	15000
Wages & Salaries	12000	12000	12000
Depreciation	5000	5000	5000
Utilities	2500	2500	2500

Sleepy Nights Credit sales were $30000 in February and $36000 in March. Based on historical experience, Sleepy Night usually receives 50% of their credit sales in the month of purchase, 30% in the month following the purchase and 20% in the second month after purchase. All purchases are on credit and paid for in the month of purchase. In June, the company plans to buy a new computer system for their office for $8000. They will also sell their existing computer for $1000 that month. At the beginning of the quarter, there was an unpaid utilities bill for $300 which will need to be paid in April. At the end of March, Sleepy Night had $20000 in the bank