The answer to the question is below in red. I just need a break down of each calculation done.

Using the assumptions below/concerning the Fast Growth Company, construct income statements, balance sheets and cash inflow-outflow statements for the company for the months of January, February, and March: ASSUMPTIONS: - Initial investment (made on January 1 when company begms operations) =$900,000 - Selling price =$70 per unit - COGS= variable cost =$45 per unit - Fixed costs =$25,000 per month - Credit policy = net 45 days (assume all sales are on credit) - Inventory policy =21-day supply (Note that this means inventory at the end of the month will bo 21/30 of sales for that month. Thus, given that January sales =4,000 units (see below), January ending inventory will be 2,800 units). - Inventory carried at cost (i.e, at $45 per unit)-price correction made in an announcement. - All bills are paid immediately (this implies that accounts payable and accruals =$0 ) - Dividends =60% of monthly net income - There are 30 days in every month - All revenues, costs, cash inflows and cash outflows are evenly distributed through the month. - If additional funds are needed, these will be in the form of debt (i.e. bank loans). The company will borrow money if cash =$0 on the balance sheet. The amount borrowed will be what is necessary to balance the balance sheet with cash =$0. - Monthly Sales: January =4,000 units, February =8,000 units, March =15,000 units