equal to 25% of the next month's sales. Sales (in units) are projected to be as follows for the first three months of the year: (Click the icon to view the projected sales (in units) for the first three months of the year.) sold on credit terms. (Round your answers to the nearest whole number.) Requirements 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 220,000 units in April. 3. Prepare the direct materials purchases budget. Assume the company needs 220,000m of fabric for production in April. Projected Sales