2) The following information is given: Budgeted units to be sold for each quarter of the year 2020 are listed as per below: 2020 1st quarter 2nd quarter 3rd quarter 4th quarter Units 1,500 1,600 1,800 1,600 Selling price is RM25 per t-shirt. Assume that company policy requires 20% of the next quarter's sales in ending inventory and that beginning inventory of t-shirts for the first quarter of the year was 320 units. Assume also that budgeted sales for the first quarter of 2021 are estimated at 2,000 units. Required: a) Prepare a sales budget for each quarter and for the year of 2020. (3 marks) b) Prepare a production budget for each quarter and for the year of 2020. (10 marks) (Total: 35 Marks)