a. They sell their products for $25 each. 70% of sales are collected in the month of the sale, 20% in the month following the sale, and 10% in the second month following the sale. b. The finished goods inventory at the beginning of March was 700 units. The finished goods inventory at the end of each month must be e;qual to at least 10% of the next month's sales. Required: Prepare a schedule of cash collections and a production budget for the months of March and April. Part 3: Cash Budget Zolezzi Inc. is preparing its cash budget for March. The budgeted beginning cash balance is $42,000. Budgeted cash receipts total $178,000, budgeted expenses total $170,000 including $25,000 in depreciation, and the company plans to purchase equipment costing $30,000. The desired ending cash balance is $50,000. The company can borrow up to $160,000 at any time from a local bank, with interest not due until the following month. Prepare the company's cash budget for March in good form. Make sure to indicate what borrowing, if any, would be needed to attain the desired ending cash balance