Amir owns a factory that produces jam. The factory is operational for 13 periods a year with 20 working days per period. Demand has increased to 22 000 jars of jam per period but the current jam-making machine can produce only 800 jars of jam per day. It is currently period 8. Amir is considering purchasing a new jam-making machine. There is currently only one model available, which costs $54 478 and is available at the start of period 10. Amir expects sales to be 18 000 jars of jam in period 10 as production will be limited owing to staff training. The machine will be fully operational in period 11 when it is expected to satisfy demand for 22 000 jars of jam per period. Production will then be maintained at this level. Amir always maintains stock of jars of jam at 8% of the next period's sales. There are currently 1280 jars of jam in stock. Local supermarkets account for 95% of total sales at $1.20 per jar of jam. Remaining sales are to local stores at $1.50 per jar of jam. Each jar of jam costs 85p to produce. It is assumed that all revenues are received and costs are paid at the end of each period and that the business has already passed the break-even point for the current year. If he buys the machine, Amir does not wish to borrow money to finance the purchase but instead intends to reduce other expenses, including overtime costs. 3 Prepare the sales budget in sales units and sales value for periods 8-11, assuming that the new machine is purchased in period 10. (9 marks) 4 Prepare the production budget for each of the periods 8-11 based on the sales budget from 0 3 . (11 marks)