3. XYZ Inc. produces skim boards and budgeted amounts for the first 3 months of 2020 appear below. January February March Sales 1.000 units 1,100 units | 1,200 units Production 1.900 units 2,100 units 2,400 units The company desires to have enough resin on hand at the end of each month, which equal 20% of the material needs for the following month. Each skim board requires 5 pounds of resin. The cost of resin is $10 per pound. (a). Prepare a direct materials budget for February in the table provided below. Show ALL calculations. Label line items clearly. Note: You don't need to prepare the expected cash disbursement. (20 points) Direct Materials Budget for February (b). Show the calculation of the amount of Raw Materials Inventory (S) on the February 28 balance sheet. (10 points)