In this mini-case, you will be doing the same analysis but using information a seasonal production schedule. With a seasonal production schedule, the company will ONLY produce the same amount of units they are projecting to sell each month. Seasonal Products Corporation expects the following monthly sales: $20,000 $15,000 $5,000 January February March April May June $3,000 $1,000 $3,000 July August September October November December $10,000 $14,000 $20,000 $25,000 $30,000 $22,000 Sales are 20% cash in a given month, with the remainder going into accounts receivable. All 80% of the credit sales are collected in the month following the sale. Seasonal Products Corporation sells all its units for $2 each and produces them for $1. Seasonal Products Corporation matches their production schedule to the projected level of sales. For example, if they are expecting to sell 10,000 units in a month, they only produce 10,000 units. a) Generate a monthly production and inventory schedule in units. Beginning inventory in January is 0 units. (Note: in part a) you should work in terms of units of production and units of sales) b) Determine a cash receipts schedule for January through December. Assume dollar sales in December were $15,000. Work using dollars. c) Determine a cash payments schedule for January through December. The production costs ($1 per unit produced) are paid in the month in which they occur. Other cash payments, besides those for production costs, are $7,000 per month for the seasonal production. d) Construct a cash budget for January through December. The beginning cash balance is $1,000, and that is also the required monthly minimum.