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Problem $3-20$ Income versus Cash Flow $($LO$3)$

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Candy Canes Incorporated spends $$127,000$ to buy sugar and peppermint in April. It produces its candy and sells it to distributors in May for $$180,000,$ but it does not receive payment until June. Assume that sales in April and June are zero. For each month, find the firm's sales, net income, and net cash flow, and fill in the following table.

Note: Leave no cells blank $-$ be certain to enter $"$O$"$ wherever required. Negative amounts should be indicated by a minus sign.

$\backslash$table$[[,$Sales,Net Income,Cash Flow$],[$April$,,,],[$May$,,,],[$June$,,,]]$