Bombs Away Video Games Corporation has forecasted the following monthly sales: $ 116,000 109.000 41.000 41.000 October 36.000 51.000 December Total annual sales $948,000 June 130.000 Bombs Away Video Games sells the popular Strafe and Capture video game. It sells for $5 per unit and costs $2 per un to produce. A level production policy is followed. Each months production is equal to annual sales in units) divided by 12 Of each month's sales, 40 percent are for cash and 10 percent are on account Al accounts receivable are collected in the month after the sale is made a. Construct a monthly production and inventory schedule in units Beginning inventory in January is 41.000 units Bombs Away Video Games Corporation Production and Inventory Schedule in Units Beginning Production - Sales Ending b. Prepare a monthly schedule of cash receipts. Sales in December before the planning year are $100,000. Bombs Away Video Games Corporation Cash Receipts Schedule February March April January May June Sales Cash receipts: Cash sales Prior month's credit sales Total cash receipts Bombs Away Video Games Corporation Cash Receipts Schedule August September October July November December Sales Cash receipts: Cash sales Prior month's credit sales Total cash receipts c. Prepare a cash payments schedule for January through December. The production costs of $2 per unit are paid for in the month in which they occur. Other cash payments, besides those for production costs, are $61.000 per month Bombs Away Video Games Corporation Cash Payments Schedule February March April May Bombs Away Video Games Corporation Cash Payments Schedule August September October November December Productions Total cash payments d. Prepare a monthly cash budget for January through December using the cash receipts schedule from part and the cash payments schedule from parte. The beginning cash balance is $5,000, which is also the minimum de red. (Negative amounts should be indicated by a minus sign) Bombs Away Video Games Corporation Cash Budget February January March Beginning cash Net cash flow Cumulative cash balance Monthly loan or repayment Ending cash balance Cumulative loan balance Bombs Away Video Games Corporation Cash Budget September October November December Beginning cash Cumulative cash balance Monthly loan or repayment Ending cash balance Cumulative loan balance