ABG Company manufactures markers for schools. The controller is currently preparing a budget for the second quarter of the year. The sales forecast has been made as follows: April May June July August 80,000 104,000 72,000 84,000 120,000 The selling price per unit is $2 The management of the company wants ending inventory to be equal to 30% of the following month's sales. On March 31, 24,000 units were on hand. - Required: 1. Prepare the sales budget (by month and in total) for the second quarter ending on June 30. (23 Points) 2. Prepare the Production budget (by month and in total) for the second quarter ending on June 30. (32 Points)