Pillows International mokes decorative throw pilows for home use. The company sells the pillows to home dcor retailers for $14 per pilow. Each pillow requires 1.10 yards of fabric, which the company obtains at a cost of 59 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 20% of the next month's sales. Sales ( units) are projected to be as follows for the first three months of the year: (.) (Click the icon to view the projected sales (in units) for the first three months of the year.) Read the mogurements: Requirement 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. (Round your answers to the nearest whole number.) d the requirements. Requirements Prepare the following budgets for the first three months of the year, as well as a summary budget for the quarter: 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. 2. Prepare the production budget. Assume that the company anticipates selling 200,000 units in April. 3. Prepare the direct materials purchases budget. Assume the company needs 230,000 yards of fabric for production in April. lick the icon to view the projected sales (in units) for the first three months of the year.) ements. More info