Question $5($a$)$ Glory Equipment Pty Ltd sells Perth Glory themed soccer balls. Estimated sales for the second half of the coming year are:MonthJune JulyAugustSeptSales in units$11,50010\mathrm{.}00011,40012\mathrm{.}000$Each unit sells for $$15$ and $60\%$ of any month's sales are for cash with the remaining sales on credit. $80\%$ of the credit sales are collected in the month of sale and $15\%$ are collected in the following month. The remaining credit sales are never collected and written off as bad every December.Purchase and inventory informationGlory Equipment likes to have $25\%$ of the forecasted demand for the next month in closing stock and they pay for a quarter of their stock in the month of purchase and the remainder in the following month. The units cost $58$ each.Other informationNon$-$manufacturing costs which are generally paid in the month incurred consist of Salaries$$6,000/$mthCommissions$1\mathrm{.}5\%$ of sales revenueRent$$5\mathrm{.}000/$mthDepreciation$$500/$mth