Question 1 15 pts (15 minutes) Frank's Furniture has guessed its sales and production figures for January though April in 2022: March April January February $30,000 $40,000 Dollar Sales $50,000 $25,000 2,000 2,500 Unit Production 1,000 1,500 Total cost of materials purchases $26,600 $34,000 $44,000 $104,600 Frank's Furniture sales are typically 60% on account and 40% cash. Of the sales made on account, 60% are collected in the month of the sale, with the remaining collected in the month after the sale. Direct materials are all purchased on account; 40% is paid in the same month of the purchase, while the remaining is paid in the next month. Assume that accounts receivable and accounts payable are zero at the beginning of January. Instructions a) Calculate total cash sales for Q1 (January to March). b) Calculate the accounts receivable balance at the end of Q1. c) Calculate the cash payments made to pay accounts payable for February. d) Calculate the ending balance in accounts payable for March. e) Calculate the change in cash from the beginning of January to the end of March