Fielding Wilderness Outfitterss had projected its sales for the first three six months of 2008 to be as follows: jan. $50,000 apr.$180,000 feb. $60,000 may $240,000 mar. 100,000 june $240,000 Cost of goods sold is 60% of sales. Purchases are made and paid for two months prior to the sale. 40% of sales are collected in the month of the sale, 40% are collected in the month following the sale, and the remaining 20% in the second monthfollowing the sale total other cash expenses are $40,000/month. The company's cash balance as of March 1st, 2008 is projected to be $40,000, and the company wants to maintain a moninimum cash balance of $ 15,000. Excess cash will be used to retitre short-term borrowing(if any exists). Fielding has no short-term as of March 1st 2008. Assume that the interest rate on short term borrowing is 1% per month. What is fielding's projected loss for april?