Mihill company manufactures umbrellas. You will be preparing a detailed budget for the 3rd quarter based on the following information. a. The sales for the remainder of the 2022 year (in units) is as follows: MAY JUNE JULY AUGUST SEPTEMBER 12,000 29,000 35,000 80,000 50,000 OCTOBER 25,000 NOVEMBER 12,000 DECEMBER 15,000 The selling price of the umbrella is $27 per unit b. All sales are on account Sales are collected as follows: 30% in the month of the sale 50% in the month after the sale The remaining in the month after that (in the second month after the sale) All amounts remaining to be received from the sales of previous months will be collected as required in three months of the 3 quarter.