Use this information to answer the question below

Financial Data of MNO Corporation Balance Sheet | as of 12/31/2020 Accounts Payable Accounts Receivable Cash Net Fixed Assets Patent Prepaid Expenses Total Debt debt of total payable next 12 mos $ $ $ $ $ $ $ $ 5,000 20,000 10,000 26,000 10,000 2,000 6,000 3,000 Balance Sheet | as of 12/31/2021 Accounts Payable Accounts Receivable Cash Net Fixed Assets Patent Prepaid Expenses Total Debt debt of total payable next 12 mos $ $ $ $ $ $ $ $ 7,500 9,000 54,000 36,000 8,000 3,000 15,000 3,000 2021 Income Statement Cost of Sales (COGS) Depreciation Interest Paid Operating Expenses (Excluding Depreciation) Sales $ $ $ 50,000 10,000 2,000 $ 37,000 $ 144,000 Outstanding Shares of Corporation 10,000 Rocco's Rocket Company Cash Flow Rocco's Rocket Company manufactures mini rockets for sales to distributors all over the eastern United States - they are very popular around the 4th of July, but he sells them all year long as party favors. He sells these mini rockets for $1.00 and raw material costs are $0.50 per mini rocket. Costs for raw materials, manufacturing costs and other expenses are paid in the month that they are incurred. To encourage sales, he provides net 30-day terms to his customers. Typically, fifty percent of the amount of sales is received in the same month that the sales are made, and the remaining fifty percent is received in the following month. Given this information, fill in the blanks in the table below to project Rocco's cash flow and cash balance for the first quarter. (.5 points/ans) ) February March Accrual Income December January Total Sales $20,000 $20,000 $12,000 $15,000 Raw Materials Costs $10,000 $d Manufacturing Costs $5,000 $9,000 $4,000 $3,000 Other Operating $1,500 $ $1,500 $1,500 $1,500 Expenses ( Accrual Monthly Profit $3,500 Cash Flow ( Starting Cash $1,500 Cash Inflow (Current and Prior Month Portions) $15,000 Cash Outflow $16,500 ( Monthly Deposit (Inflow Outflow) $(1,500) ) ( 1 End of Month Cash $0 $-500 $4,000 $5,500