Front Page Video Games Corporation has forecasted the following monthly sales: January.. $95,000 July... $40,000 February. 88,000 August 40,000 March... 20,000 September 50,000 April. 20,000 October. 80,000 May 15,000 November. 100,000 June 30,000 December. 118,000 Total sales = $696,000 The firm sells its Last Spike video game for $5 per unit, and the cost to produce the game is $2 per unit. 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 20,000 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. Sale in the December before the planning year were $100,000. Work part b using dollars. c. 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 $40,000 per month. d. Prepare a monthly cash budget for January through December. The beginning cash balance is $5,000, and that is also the minimum desired.