1. Budgeting - The Production Budget (2pts): Spanasonic Co. manufactures batteries for electric vehicles. Management reports ending finished goods inventory for the first quarter of 2023 at 175,000 units. The following unit sales are budgeted for the last three quarters of 2023 and the first quarter of 2024 : - second quarter 2023: 500,000 units - third quarter 2023: 520,000 units - fourth quarter 2023:510,000 units - first quarter 2024: 540,000 units Company policy calls for the ending finished goods inventory of a quarter to equal 35% of the next quarter's budgeted unit sales. Prepare a production budget for the period covering the second, third, and fourth quarters of 2023 that shows the budgeted number of batteries the firm would need to manufacture. Use proper formatting, making sure to includethe firm's name, the name of the budget, and the budget period. You must show all of your work