| We have the following financial information about the company from Jan 1, 2021- Dec 31st, 2021, which was the end of its first full year of operation. The company had $300,000 in sales of Product A in January 2021, and $200,000 in sales of Product B in March of 2021 The company incurred $360,000 in payroll-related expenses ($30,000/month) The company had $138,000 in the bank (cash) on Dec 31, 2021 On Dec 31, 2021, the company had $62,000 on their line of credit with their bank During the year, the company received cash payments of $150,000 in January, $90,000 in February, $82,000 in July and $60,000 in September During the year, the company paid out $50,000 to suppliers in July and $30,000 in December The company bought $120,000 in supplies ($10,000/month) The company had rent totalling $24,000 ($2000/month) During the year the company paid out $20,000/month in payroll costs (every month) During the year the company paid out $2,000/month in rent (every month) During the year the company received a $700 bill for heat and lights every month The company has a term loan at the bank for equipment of $40,000 From january-Novembery the company paid out $700/month for heat and lights (i.e., 11 months) | 
