Cakes Galore produces cupcakes. Budgeted sales for the first five months of the year 2021 are as follows: 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 maintains an inventory of flour equal to 10% of the next manth's needs. At the beginning of the year, 100 ounces of flour are on hand. 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)