Badlands Inc, manufactures a household fan that sells for $40 per unit. All sales are on account, with 40 percent of sales collected in the month of sale and 60 percent collected in the following month. The data that follow were extracted from the company's accounting records Badlands maintains a minimum cash balance of $30,000 Total payments in January 20xt are budgeted at $390,000 A schedule of cash collections for January and February of 20x1 revealed the following receipts for the period from December 31 accounts receivable From January tales From February sales Cash Receipts January February $216,000 152,000 $225,000 156,300 March 20xt sales are expected to total 10,000 units Finished-goods inventories are maintained at 20 percent of the following month's sales The December 31, 20x0, balance sheet revealed the following selected figures cash $45,000, accounts receivable, $216,000 and finished goods, $44700 Required: 1. Determine the number of units that Badlands sold in December 20x0, 2. Compute the sales revenue for March 20x1 3. Compute the total sales revenue to be reported on Badlands' budgeted income statement for the first quarter of 20x1 4. Determine the accounts receivable balance to be reported on the March 31 20x1, budgeted balance sheet 5. Calculate the number of units in the December 31, 20x0 finished-goods inventory 6. Calculate the number of units of finished goods to be manutactured in January 201 1. December sales units 2. March sales revenue 3. First quarter sales revenue 4. March 31 accounts receivable balance 5. December 31 finished-goods inventory 6. Finished goods to be manufactured in January 7. Financing required in January units units