Front Page Video Games Corporation has forecasted the following monthly sales January $105,000 February 98, cee March 30,000 April 30,000 May 25,000 June 40,000 Total sales - $816,000 July August September October November December $50,000 50,000 50,000 90,000 110,000 128,000 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. 20 percent are for cash and 80 percent are on account. All accounts receivable are collected in the month after the sale is made .. Construct a monthly production and inventory schedule in units. Beginning inventory in January is 30,000 units. (Note. To do parto, you should work in terms of units of production and units of sales.) Front Page Video Games Corporation Production and inventory schedule in units Beginning Inventory Production sales 30,000 Ending Inventory January February orch a. Construct a monthly production and inventory schedule in units. Beginning inventory in January is 30,000 units. (Note: To do part a. you should work in terms of units of production and units of sales) Front Page Video Games Corporation Production and Inventory schedule in units Beginning inventory Production Sales 30.000 Ending Inventory January February March April May June July August September October November December ecember before the planning year were $100.000. Work part b using b. Prepare a monthly schedule of cash receipts. Sales in the December before the planning year were $100,000 Work part busing dollars. Front Page Video Games Corporation January February March $ $ Apr11 Hay Sales Cash sales Prior month's sales Total cash receipts $ Front Page Video Games Corporation July August September $ October November 5 December 5 $ Sales Cash sales Prior month's sales Total cash receipts 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 $50,000 per month, January Front Page Video Games Corporation Constant production February March April $ 5 June May $ $ Production cost Other cash payments Total cash payments $ $ 5 $ July Front Page Video Games Corporation Constant production August September October 5 5 5 November 5 December $ 5 Production cost Other cash payments 5 Total cash payments $ d. Prepare a monthly cash budget for January through December The beginning cash balance is $5.000, and that is also the minimum desired. (Do not leave any empty spaces; input a O wherever it is required. Negative answers and amounts to be deducted should be indicated by a minus sign.) Front Page Video Games Corporation January February March April Hay June Net cash flow Beginning cash 5 Cumulative cash balance Monthly loan or (repayment) Cumulative loan Ending cash balance Front Page Video Games Corporation July August September 3 October November Decenter Net cash flow Beginning cash 5 Cumulative cash balance Monthly loan or repayment) Cumulative loan Ending cash balance $ $ 5