Dickson Manufacturing is preparing its master budget for the first quarter of the upcoming year. The following data pertain to Dickson Manufacturing's operations: (Click the icon to view the data.) (Click the icon to view additional data.) Read the requirements. Requirement 1. Prepare a schedule of cash collections for January, February, and March, and for the quarter in total. Dickson Manufacturing Cash Collections Budget For the Quarter Ended March 31 Data table Current Assets as of December 31 (prior year): Cash $ 4,500 Accounts receivable, net $ 50,000 Inventory $ 15,400 Property, plant, and equipment, net $ 124,000 Accounts payable $ 42,400 $ 125,500 $ 23,200 Cash sales Credits sales Total cash collections Month January February March Quarter $ 24,000 S 49,000 27,600 $ 56,000 29,700 $ 64,400 81,300 169.400 73,000 S 83,600 $ 94,100 $ 250,700 Requirement 2. Prepare a production budget. (Hint: Unit sales = Sales in dollars + Selling price per unit.) Dickson Manufacturing Production Budget For the Quarter Ended March 31 Capital stock.. Retained earnings Month January February March Quarter Unit sales 8,000 9,200 9,900 27,100 Plus: Desired ending inventory 2,300 2,475 2,425 2,425 Total needed 10,300 11,675 12,325 29,525 Print Done