Part 1: Sales (5 marks) NFT is preparing budgets for the Quarter Ending Sept 30th, 2022. Budgted Sales for the next 6 months are: Part 2: Cash Collection (5 marks) All of NFT's sales are on Account. NFT's collection Pattern is: \begin{tabular}{|r|l|} \hline \multicolumn{1}{|c|}{%} & \multicolumn{1}{|c|}{ Type } \\ \hline 60.00 & Collected in the month of sale \\ \hline 30.00 & Collected in the following month \\ 10.00 & Uncollectible \\ \hline \end{tabular} The June 30th accounts receivable balance of $132,000 will be collected in full. Cash Collections \begin{tabular}{|l|l|l|l} July & August & September & Quarter \\ \hline \end{tabular} Accounts Receivable July Sales Aug Sales Sep Sales Total Cash Collections Part 3: Production (5 marks) NFT wants an ending inventory equal to 15% of the following month's budgeted sales in units. On June 30th, 21,000 units were on hand. The September 30th desired ending inventory is 20,000 . units Production Budget \begin{tabular}{l|l|l|l} \hline July & August & September & Quarter \\ \hline \end{tabular} 3udgeted Sales Desired Ending Inventory otal Needs ess Beginning Inventory Required Production