Front Page Video Games loves the work you did for them on their Last Spike video game facility so now they want you to do an even more detailed analysis for a second manufacturing facility they are planning to run that will make a completely different game called First Spike. They want you to develop forecasts for 2022 using the following information. Forecast year Month Sales ($) Other Cash Payments Ending Cash Ending Inventory Units Units Produced 2021 November $ 12,000 2,083 December 24,000 $ 8,333 4,167 5,000 2022 January 240,000 $ 45,600 February 150,000 52,800 March 475,000 55,200 April 264,000 48,000 May 288,000 64,800 June 240,000 62,400 July 312,000 45,600 August 264,000 48,000 September 264,000 48,000 October 336,000 50,400 November 312,000 52,800 December 264,000 48,000 2023 January 240,000 52,800 Sale price per unit is: $22 Cost per unit is: $11 Cash flows for unit costs in any month is the cost per unit times the units produced in the prior month because all unit costs are purchased on account (Accounts Payable) in the month produced and paid in full the following month. Similarly, Other Cash Payments in a month are payments regarding other expenses purchased on account in the prior month. Front Page wants to keep its facility running with a level production policy, but they realize this might not be entirely realistic. To save capital investment they are purchasing used equipment that will require extensive repairs and maintenance twice a year. This means that in June and December they will only be able to produce a maximum number of units of 5000 Units. First Spike sales are expected to be a mix of direct online cash sales and various distributors. The distributor's sales will all be on account. Cash receipts from distributor sales are expected to be received across the two months following the sale. Front Page expects cash receipts to be approximately: Cash sales 30% A/R from 1 month prior 70% A/R from 2 months prior 30% Construct a monthly production and inventory schedule in units. (Note: To do part a, you should work in terms of units of production and units of sales.) Prepare a monthly schedule of cash receipts. Prepare a monthly schedule of cash payments. Prepare a monthly cash budget. Use this additional information to prepare the monthly balance sheet and determine the shareholder equity fluctuations for each month. Property, Plant & Equipment = $750,000 Bonds Payable (long term) = $450,000.