Sales and Production Budgets Sonic Inc, manufactures two models of speakers, Rumble and Thunder. Based on the following production and sales data for June, prepare (a) a sales budget and (b) a production budget: Rumble Thunder Estimated Inventory (units), June 1 262 76 Desired Inventory (units), June 30 301 66 Expected sales volume (units): Midwest Region 3,800 3,350 South Region 4,800 5,400 Unit sales price $105 $200 a. Prepare a sales budget. Sonic Inc. Sales Budget For the Month Ending June 30 Product and Area Unit Sales Volume Unit Selling Price Total Sales Model: Rumble Midwest Region South Region Total 0 0 Model: Thunder Midwest Region Unic sales volume Unit Selling Price Total sales Product and Area Model: Rumble Midwest Region South Region Total Model: Thunder Midwest Region MQ 0000 South Region g Total Total revenue from sales b. Prepare a production budget. For those boxes in which you must enter subtracted or negative numbers use a minus sign. Sonic Inc. Production Budget For the Month Ending June 30 Units Rumble Units Thunder Total Total units to be produced