Cakes Galore produces cupcakes, Budgeted sales for the first five months of the year 2021 are as follows: Budgeted Sales (Units) 200 January February 240 March 180 April 160 May 240 Each cupcake requires two (2) Ounces of flour, at a cost of $10 per ounce. The company wants to maintain an inventory of cupcakes equal to 25% of the following month's sales. At the beginning of the year, 40 cupcakes are on hand. Assume the company malntains an inventory of flour equal to 10% of the next month's needs. At the beginning of the year, 100 ounces of flour are on band. Inventory of flour at March 31 is estimated to be 36 ounces. Required: a. Prepare a production budget. In ounces for each of the first four months of the year (10 marks) b. Prepare a purchases budget, in dollars for each of the first three months of the year. (15 marks)