What are the steps to finding

surplus and shortages from July to December?

--The Sales were $150,000 in January 2018 and then the sales grew by 10% each month for the first five months (February to June).

The sales are expected to grow by 5% each month thereafter.

--50% of the Sales are collected in the same month. 45% of the sales are collected in the following month and remainder are not collected.

--The Purchases are 20% of sales and paid in the same month.

-- Wages and Salaries are $10,000 each month and paid in the same month.

-- Depreciation expense is $5,000 each month.

-- An equipment worth $100,000 will be purchased with cash in October.

-- The company's debt is $50,000 and the company pays coupon payments in June and December of each year. The coupon rate is 10% per year.

-- Rent Expenses will be $5000 and will be paid at the end of each calendar quarter.