Roan's Manufacturing is preparing its cash budgets for the first 2 months of the upcoming year. The following information concerns the company's upcoming cash receipts and cash disbursements. a(Click the icon to view the information.) Requirements 1. Prepare schedules of (a) budgeted cash collections, (b) budgeted cash payments for purchases, and (c) budgeted cash payments for operating expenses. Show amounts for each month and totals for January and February. Prepare a combined cash budget. If no financing activity took place, what is the budgeted cash balance on February 28? 2. Requirement 1a. Prepare a schedule of budgeted cash collections for January and February. Cash Collections Budget January February Cash sales Credit sales Total cash collections b. Prepare a schedule of budgeted cash payments for purchases for January and February. (Leave any unused cells blank.) Cash Payments for Direct Material Purchases Budget January February December purchases January purchases February purchases Total cash payments for direct material purchases Enter any number in the edit fields and then continue to the next question. Save for Later 01:51 P Search for anything (a 1) O ENG 14-06-20 Pillow Corp. makes decorative throw pillows for home use. The company sells the pillows to home dcor retailers for $10 per pillow. Each pillow requires 1.10 yards of fabric, which the company obtains at a cost of $10 per yard. The company would like to maintain an ending stock of fabric equal to 10% of the next month's production requirements. The company would also like to maintain an ending stock of finished pillows equal to 15% of the next month's sales. Sales (in units) are projected to be as follows for the first three months of the year: A (Click the icon to view the projected sales (in units) for the first three months of the year.) Read the requirements. Requirement 1. Prepare the sales budget, including a separate section that details the type of sales made. For this section, assume the nearest whole number.) X terms. (Round your answers to Requirements Pillow Corp. Sales Budget Prepare the following budgets for the first three months of the year, as well as a summary budget for the quarter: For the Quarter Ended March 31 1. Prepare the sales budget, including a separate section that details the type of sales made. For this section, assume that 10% of the company's pillows are cash sales, and the remaining 90% are sold on credit terms. January February March 1st Quarter Unit sales 2. Prepare the production budget. Assume that the company anticipates selling 220,000 units in April. Unit selling price 3. Prepare the direct materials purchases budget. Assume the company needs 240,000 yards of fabric for production in April. Total sales revenue Cash sales Print Done Credit sales Total sales Requirement 2. Prepare the production budget. Assume that the company anticipates selling 220,000 units in April. (Round your answers to the nearest whole number.) Dille. Ca Enter any number in the edit fields and then continue to the next question. Save for Later 00:27 O Search for anything (G 4) O ENG W 14-06-2020