The company sells many styles of earrings, but all are sold for the same price$-$$$15$ per pair. Actual sales of earrings for the last three months and budgeted sales for the next six months follow $($in pairs of earrings$)$ January $($ actual$)$ February $($actual March $($actual$)$ April $($budget$)$ May $($ budget$)21,00027,00041,00066,000$ June $($budget$)$ July $($ budget$)$ August $($budget$)$ September $($budget$)1,00031,00029,00026,000$ The concentration of sales before and during May is due to Mother's DaySufficient inventory should be on hand at the end of each month to supply $40\%$ of the earrings sold in the following month. Suppliers are paid $$4\mathrm{.}50$ for a pair of earringsOne$-$ half of a month's purchases is paid for in the month of purchase; the other half is paid for in the following month $.$ All sales are on credit. Only $20\%$ of a month's sales are collected in the month of saleAn additional $70\%$ is collected in the following month, and the remaining $10\%$ is collected in the second month following saleBad debts have been negligible. Monthly operating expenses for the company are given below $4$ of sales Variable: Sales commissions Fixed : Advertising Rent Salaries Utilities Insurance Depreciation $23,0009,5003,500$ Insurance is paid on an annual basis, in November of each year The company plans to purchase $ $18,500$ in new equipment during May and $$45\mathrm{.}000$ in new equipment during June both purchases be for The company $750$ each in the month the following