B. You are an internship student at Syarikat Kayu Batu Sdn. Bhd (SKBSB). Your first task is to prepare the company budget for the first quarter of year 2022. The following information is given to you. 1. Sales: The actual and forecasted sales in unit for the company are as follows: Year/Month 2021: December Unit sales 900 2022: January 784 February 895 March 970 April 1,000 May 1,050 The selling price of the product is RM100 per unit. The sales at SKBSB consist of cash and credit sales. Normally, the proportion between cash and credit sales is 30:70. For the credit sales, the policy is to collect 60% in the month of sales and the balance will be collected during the following month. 2. Purchases: Merchandise purchase to ensure sufficient to cover the sales target and inventory level of 40% from next month target sales. The merchandise cost is estimated at 40% of unit selling price. SKBSB make all merchandise purchase on account. The payment of merchandise will involve two months after purchase which based on the ratio 20:80. 3. Operating expenses: The annual operating expenses involved are as follows Items Advertising expenses Depreciation expenses General and administrative expenses Sales commission RM 270,000 330,000 240,000 6% from total monthly sales SKBSB plan to purchase the additional office supplies on cash during the beginning of the year for RM6,250. SKBSB policy of giving bonus to staff at the end of each year will be continue for a total of RM15,000.