A. Pillow Unlimited makes decorative throw pillows for home use. The company sells the pillows to home dcor retailers for $14 per pillow. Each pillow requires 1.25 yards of fabric, which the company obtains at a cost of $6 per yard. The company would like to maintain an ending stock of fabric equal to 10% of the next month's production requirements. The company would also like to maintain an ending stock of finished pillows equal to 20% of the next month's sales. Sales (in units) are projected to be as follows for the first 3 months of the year: January February March 100,000 110,000 115,000 Requirements: Prepare the following budgets for the first three months of the year, as well as a summary budget for the quarter: 1. Prepare the sales budget, including a separate section that details the type of sales made. For this section, assume that 10% of the company's pillows are cash sales, while the remaining 90% are sold on credit terms. (4 points) 2. Prepare the production budget. Assume that the company anticipates selling 120,000 units in April. (5 points)