Bombs Away Video Games Corporation has forecasted the following monthly sales: January $114,000 July $ 59,000 Pebruary 107.000 August 59,000 March 39,000 September 69,000 April 39,000 October 99,000 May 34,000 November 119,000 June 49,000 December 137,000 Total annual sales - $924,000 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 39,000 units. Ending Inventory January February March April May June July August September October November December Bombs Away Video Games Corporation Production and Inventory Schedule in Units Beginning Production Inventory Sales 39.000 15.400 15,400 15.400 15,400 15,400 15,400 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 January April May June Sales Cash receipts: Cash sales Prior month's credit sales Total cash receipts $ ols 0 s 0 $ 0 $ 0 $ Bombs Away Video Games Corporation Cash Receipts Schedule August September July October November December Sales Cash receipts Cash sales Prior month's credt sales Total cash recept 5 OS 0S 0 $ 0$ 05 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 $59,000 per month, Bombs Away Video Games Corporation Cash Payments Schedule February March January April May June SOM Production cost Other cash payments Total cash payments $ 05 0 $ Ols os 0$ 0 Bombs Away Video Games Corporation Cash Payments Schedule August September October July November December Production cost Other cash payments Total cash payments $ 05 05 05 OS 05 0 a. Prepare a monthly cash budget for January through December using the cash receipts schedule from part and the cash payments schedule from partc. The beginning cash balance is $5,000, which is also the minimum desired. (Negative amounts should be Indicated by a minus sign.) Bombs Away Video Games Corporation Cash Budget February March January April May June 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 August September July October November December Beginning cash Net cash flow Cumulative cash balance Monthly loan or (repayment) Bombs Away Video Games Corporation Cash Budget August September July October November December Beginning cash Net cash flow Cumulative cash balance Monthly loan or (repayment) Ending cash balance Cumulative loan balance