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below, need to fill in the blanks Ponzi Products produced 108 chain letter kits this quarter, resulting in a total cash outlay of $11 per

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Ponzi Products produced 108 chain letter kits this quarter, resulting in a total cash outlay of $11 per unit. It will sell 54 ofthe kits next quarter at a price of $12, and the other 54 kits in two quarters (in Quarter 3) at a price of $13. It takes a full quarter for it to collect its bills from its customers. (Ignore possible sales in earlier or later quarters and assume all positive cash flow is distributed as expenses or earnings to shareholders.) a. Prepare an income statement for Ponzi for today and for each of the next three quarters. Ignore taxes. (Leave no cells blank - be certain to enter \"0" wherever required.) Quarter 1 Quarter 2 Sales at: $: Cost of goods sow E E Net income $ |:| $ |:| Quarter 3 $ E E $|:| Quarter 4 $ E E $: b. What are the cash flows for the company today and in each of the next three quarters? (Leave no cells blank - be certain to enter "0" wherever required. Negative amounts should be indicated by a minus sign.) Cash Flow Quarter1 $ |:| Quarter 2 E Quarter 3 Quarter 4 c. What is Ponzi's net working capital in each quarter? (Leave no cells blank - be certain to enter "0" wherever required.) Net Working Capital Quarter 1 $ Quarter 2 Quarter 3 Quarter 4

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