Comfy Pillows makes decorative throw pillows for home use $.$ The company sells the pillows to home d$$cor retailers for $$18$ per pillow Each pillow requires $1\mathrm{.}20$ m of fabric, which the company obtains at a cost of $ $8$ per metre $.$ The company would like to maintain an ending stock of fabric equal to $10\%$ of the next month's production requirements $.$ The company would also like to maintain an ending stock of finished pillows equal to $20\%$ of the next month's sales $.$ Sales $($ in units $)$ are projected to be as follows forthe first three months of the year : Projected Sales January $.100,000$ February $.....130,000$ March $.185,000$ equirements Prepare the following budgets for the first three months of the year $,$ as well as a summary budget for the quarter : $1.$ Prepare the sales budget $,$ including a separate section that details the type of sales made $.$ For this section $,$ assume that $10\%$ of the company's pillows are cash sales $,$ while the remaining $90\%$ are sold on credit terms $.2.$ Prepare the production budget $.$ Assume that the company anticipates selling $200,000$ units in April $.3.$ Prepare the direct materials purchases budget $.$ Assume the company needs $240,000$ m of fabric for production in April $.$