Table 15.7 shows BeerCo’s pro forma income statement and balance sheet if the firm adopts a level production strategy (by incorporating the assumptions associated with this strategy).

Assuming that BeerCo’s inventory at the end of 2017 is \($2.55\) million (instead of \($475,000),\) what should be the monthly production rate (in terms of cost of goods produced), so that projected sales are met? What would be the projected average and maximum short-term debt for 2018 in this case? To answer the questions, it is required to reconstruct table 15.7 by considering the new information.

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Table 15.7 BeerCo's year 2017 (actual) and year 2018 (monthly pro forma) income statement and balance sheet