Prepare a master budget for McGregor Pharmacy Company for the year ending December 31, 2020 using the following information. Prepare it per quarter. Use the tables provided by the professor. Fill it. Prepare the Sales Budget assuming: 1. Expected sales volume: 8,000 units for the first quarter, an increase of 20% is expected for the second quarter, a decrease of 10% for the third quarter, and an increase of 25% for the fourth quarter. 2. The sales price should be $75.00 for the first two quarters and $82.50 for the last two quarters. Prepare the Production Budget assuming: 1. The company believes it can meet future sales needs with an ending inventory of 25% of the next quarter, for the first two quarters, and 35% of the next quarter, for the last two quarters. 2. The expected sales in units for the first quarter of 2021 is 11,000. Prepare the Direct Material Budget assuming: 1. Ending inventory of raw material is expected to be 15% of total pounds needed for production of the next quarter for the first two quarters and 20% of the next quarter for the last two quarters. 2. The expected pounds needed for production in the first quarter of 2021 is 38,500. 3. Each product requires 3 pounds of raw material. 4. The expected cost per pound is $8.25.