3. Prepare a Production Budget for January and February 2020 for the Smith Company using the information below: The company has a policy to have an ending inventory balance on hand at the end of each month equal to 20% of the sales of the following month. The company's ending inventory balance at the end of December 2019 equals 5,000 units. Budgeted Sales in 2020 are (January 3,000 units, February 1,000, March 2,000). Production Budget January 3,000 February 1,000 March 2,000 Sales + Desired Ending Inventory Total -Beginning Inventory Production