Bombs Away Video Games Corporation has forecasted the following monthly sales: January February $ 102,000 July $ 47,000 95,000 August 47,000 March 27,000 September 57,000 April 27,000 October 87,000 May 22,000 November 107,000 June 125,000 Check my work 37,000 December Total annual sales = $780,000 Bombs Away Video Games sells the popular Strafe and Capture video game. It sells for $5 per unit and costs $2 per unit to produce. A level production policy is followed. Each month's production is equal to annual sales (in units) divided by 12. Of each month's sales, 20 percent are for cash and 80 percent are on account. All 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 27,000 units. Note: Input all your answers as positive numbers. Bombs Away Video Games Corporation Production and Inventory Schedule in Units Beginning Inventory + Production - January 27,000 February March April 5 Sales = Ending Inventory Ivial Ci April May June July August September October November December b. Prepare a monthly schedule of cash receipts. Sales in December before the planning year are $100,000. Bombs Away Video Games Corporation Sales Cash receipts: Cash sales Prior month's credit sales January Cash Receipts Schedule February March April May June Sales Cash receipts: Cash sales Prior month's credit sales Total cash receipts Sales Cash receipts: Cash sales Prior month's credit sales Total cash receipts January July Bombs Away Video Games Corporation Cash Receipts Schedule February March Bombs Away Video Games Corporation Cash Receipts Schedule August September April May June October November December Check my work 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 $47,000 per month. January Bombs Away Video Games Corporation Cash Payments Schedule February March April May June Production cost Other cash payments Total cash payments Production cost Other cash payments Total cash payments July Bombs Away Video Games Corporation Cash Payments Schedule August September October November December d. Prepare a monthly cash budget for January through December using the cash receipts schedule from part b and the cash payments schedule from part c. The beginning cash balance is $5,000, which is also the minimum desired. Note: Negative amounts should be indicated by a minus sign. Leave no cells blank be certain to enter '0' wherever required. Beginning cash Net cash flow Cumulative cash balance Monthly loan or (repayment) Ending cash balance Cumulative loan balance January Bombs Away Video Games Corporation Cash Budget February March April May J + Monthly loan or (repayment) Ending cash balance Cumulative loan balance Beginning cash Net cash flow Cumulative cash balance Monthly loan or (repayment) Ending cash balance Cumulative loan balance July Bombs Away Video Games Corporation Cash Budget August Septentber October November Decei