Lebow Corporation makes one product and it provided the following information to help prepare the master budget for the next four months of operations: a. Budgeted selling price: $20 Budgeted unit sales for the following five months are listed in the table below. All sales are on credit. January 20,000 February 25,000 March 10,000 April 15,000 May 15,000 Units Account receivable balance on January 1: $15,000 b. Regarding credit sales, 60% 40% are collected in the month of the sale and in the following month C. The ending finished goods inventory equals 20% of the following month's sales. d. The ending raw materials inventory equals 20% of the following month's raw materials production needs. Each unit of finished goods requires 3 pounds of raw materials. The raw materials cost per pound:$2.00 e. Regarding raw materials purchases 50% are paid for in the month of purchase, and 50% in the following month. Account payable balance on Jan 1: $12,000 f. The direct labor wage rate per hour: $15.00 Each unit of finished goods requires 0.2 direct labor-hours g. Manufacturing overhead includes variable and fixed overhead. Variable manufacturing overhead rate: $10 Fixed manufacturing overhead amount: $80,000 Fixed manufacturing overhead includes $20,000 non-cash cost, which is solely depreciation cost: h. The variable selling and administrative expense per unit sold: $2.00 The fixed selling and administrative expense per month: $70,000 $10,000 non-cash expenses, which are solely depreciation expenses, are included in the fixed S&A expenses. Based on the above information, prepare a sales budget, a schedule of expected cash collection, a production budget, a direct material budget, a schedule of expected cash disbursement for materials, a direct labor budget and a manufacturing overhead budget, and a selling and administrative expense budget for the first quarter