Requirement 1. Prepare a schedule of cash collections for January, February, and March, and for the quarter in total. Damon Manufacturing Cash Collections Budget For the Quarter Ended March 31 Month January February March Quarter Cash sales $ 34,860 $ 41,580 $ 40,320 $ 116,760 Credits sales 46,150 64,740 77,220 188,110 $ 81,010 $ 106,320 $ 117,540 $ 304,870 Total cash collections Requirement 2. Prepare a production budget. (Hint: Unit sales = Sales in dollars + Selling price per unit.) Damon Manufacturing Production Budget For the Quarter Ended March 31 Month January February March Quarter Unit sales 8,300 9,900 9,600 27,800 990 960 900 900 Plus: Desired ending inventory Total needed 9,290 10,860 10,500 28,700 830 990 960 830 Less: Beginning inventory 8,460 9,870 9,540 27,870 Units to produce Requirement 3. Prepare a direct materials budget. (Round your answers to the nearest whole dollar.)