Take me to the text Jessica Inc. provides you with the following budgeted information for two months in year 2013 March April $585,000 $735,000 230,000 330,000 Sales Manufacturing Costs Capital Expenditures General and Administration Costs (including amortization includes training programs, machines and buildings 275,000 0 80,000 115,000 Cash sales represent 20% of total sales All sales on account are collected in the following month 65% of March's $275,000 worth of capital expenditures is to be paid at the end of March. The remainder is to be paid in the following month. April's capital expenditure will be paid in May Monthly amortization represents 20% of general and administration costs Manufacturing costs and general and administration costs are to be paid in the month in which they are incurred Dividends of $1,000 are expected to be declared in March and paid in April Jessica Inc. obtains the minimum financing needed to ensure at least a $5,000 cash balance at the end of the month through a bank loan Assume that any amount taken out of the bank loan may be repaid only at year end. o o o o Cash Accounts Receivable Inventory Long-Term Assets Accumulated Depreciation Accounts Payable Dividends Payable (in March) Notes Payable Stockholder's Equity Comprised only of sales on account incurred in February $18,000 208,000 50,000 80,000 7,000 12,000 3,000 210,000 124,000