Cory Pllows makes decorative theow pilows for home use. The company sels the pittows to home dicor retalers for $15 per pallow. Each pllow roquires 1.26 yards of fabric, which the company obtains at a cost of $10 per yand. The company would lae to maintain an ending stock of fabric equal to 10% of the next monthis production requiremerits. The company would also Ihe to maintain an ending stock of frished peows equal to 20% of the next mondis smbe. Sales (in units) are propected to be as followitor the frist three months of the year: C. (Cick the loon to yew the propected saves (in unte) for the first three months of the year) Resad the ceguementan Requirement 1. Prepore the swes budgel, holuding a separase section that detals the bye of sales mace. For this section, astume that fors of the compary's plows are cash sales, and the tenthing 60% are sold on credt terens. (Round you answers to the neared whole number) More info Prepare the following budget 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, and the remaining 90% are sold on credit terms. 2. Prepare the production budget. Assume that the company anticipates selling 210,000 units in April. 3. Prepare the direct materials purchases budget. Assume the company needs 240,000 yards of fabric for production in April