Can you explain please step by step how to do it. THANKS

IF YOU CAN DO IT IN EXCEL MUCH BETTER

Level production and related financing effects (L06-3) 21. Bombs Away Video Games Corporation has forecasted the following monthly sales: $ 45,000 45,000 55.000 January February March April May June $ 100.000 July 93,000 August 25,000 September 25,000 October 20,000 November 35,000 December Total annual sales = $756,000 85,000 105,000 123,000 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, 30 percent are for cash and 70 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 25,000 units. (Note: To do part a, you should work in terms of units of production and units of sales.) b. Prepare a monthly schedule of cash receipts. Sales in the December before the planning year are $100,000. Work part b using dollars. Determine 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 $45,000 per month. d. Prepare a monthly cash budget for January through December using the cash receipts schedule from part band the cash payments schedule from part c. The beginning cash balance is $5,000, which is also the minimum desired. c