c. Mr. Suncat has asked you to prepare a sales budget and production budget for the first quarter of the year using the following information: Selling price of custom wedding cake: $800 Expecting to sell 200 wedding cakes in January and a 10% increase in each month for the next 6 months The required ending inventory is 20% of next month's sales. Suncat Cake Shop Sales Budget For the Quarter Ended March 31, 2021 January February March Total Expected Sales (Units) 200 220 242 662 Selling Price per Wedding Cake 800 800 800 800 Total Sales Revenue 160000 176000 193600 529600 November December $10,000 10,600 January 11,400 February 12,500 Total Payments Suncat Cake Shop Production Budget For the Quarter Ended March 31, 2021 I