1. Hot Wheels Unlimited, Inc., makes rollerblades. The budgeted unit sales for the first 3 quarters of 2022 are: Quarter 1: 28,000 units Quarter 2: 30,000 units Quarter 3: 31,000 units The company wishes to maintain an ending inventory of rollerblades equal to 10% of the following quarter's expected sales. At the end of Quarter 4, December 31, 2021, the company expects to have 2,800 units on hand. Required: Prepare a production budget in good form for Quarter 1 and Quarter 2 of 2022. Make sure there is a complete heading and information is labeled correctly. Totals for the 2 quarters together are not needed. 2. Specialty Products currently sells a single product with a selling price of $50 per unit. They expect to increase the selling price to $55 at the beginning of the second quarter. The following unit sales are budgeted for the first 2 quarters of 2022 Quarter 1 100,000 units Quarter 2 110,000 units Required: Prepare a sales budget in good form for Specialty Products for quarters 1 and 2 of 2022. Totals for the 2 quarters together are not needed. 3. Use the information from the sales budget of Specialty Products. All sales are credit sales. The beginning accounts receivable balance is $1,350,000, all of which is expected to be collected in quarter 1. The company collects 70% of sales in the quarter of the sale and 30% in the following quarter. Assume there are no bad debts. Required: Prepare a cash collections budget in good form for quarters 1 and 2 of 2022. Totals for the 2 quarters together are not needed. The Accounts Receivable balance at the end of quarter 2 of 2022 is