Atlantic Surf manufactures surfboards. The company's sales budget for the next three months is shown below. In addition, company policy is to maintain finished goods inventory equal (in units) to 30% of the next month's unit sales. As of June 30, the company has 1,260 finished surfboards in inventory, which complies with the policy. Sales (in units) July August September 4,200 7,300 2,800 Prepare a production budget for the nitonths of July and August. ATLANTIC SURF Production Budget July and August July August Budgeted ending inventories July August Required units of available production 0 Units to be produced a. Beginning cash balance on March 1, $72,000. b. Cash receipts from sales, $302,000. c. Budgeted cash payments for direct materials, $135,000. d. Budgeted cash payments for direct labor, $75,000. e. Other budgeted cash expenses, $38,000. f. Cash repayment of bank loan, $16,000. Prepare a cash budget for the month ended on March 31 for Gado Company. The budget should show expected cash receipts and cash payments for the month of March and the balance expected on March 31. GADO COMPANY Cash Budget For Month Ended March 31 Total cash available Cash payments for Total cash payments 0 $ 0