We really need to get this new high-precision cutter equipment in operation just after the next quarter begins.I hope we can finance it largely with cash and marketable securities, but if necessary we can get a short-term loan down at Fashionable Credit Union. This statement by Joanna Size, President of Women Designer Company, concluded a meeting she had called with the firm's top management. Women is a small, rapidly growing wholesaler of casual and professional clothes products. The firm's main product lines are women's wear and accessories. John Weng, Women's General Manager of Merchandising, has recently completed a sales forecast. He believes the company's sales during the next quarter ending March 31, 2021 will increase by 20 percent each month over the previous month's sales. Then Weng expects sales to remain constant for several months. Women's projected balance sheet as of December 31, 2020, is as follows Cash Accounts receivable Marketable securities Inventor Buildings and equipment (net of accumulated depreciation) Total assets Accounts Bond interest payable Property taxes payable Bonds payable (11%; due in 2026) Common stock Retained earnings Total liabilities and stockholders' equity $90,000 175,000 50,000 300,000 1,250,000 $1,865,000 $225,000 22,000 16,800 600,000 750,000 251,200 Karen Complete, the Controller, is now preparing a monthly budget for the first quarter of 2021. In the process, the following information has been accumulated