The ChocoAlmo Company produces and sells chocolate bars filled with almond pieces. The 6-oz chocolate bar has two direct materials: 100% organic cacao beans and 100% organic almonds. The production process includes creating the chocolate from scratch using the cacao beans and chopping the almonds into the pieces that fill the chocolate bar. Indirect materials include very minimal amounts of sugar, milk, and salt, in addition to some packaging materials. Choco Almo is preparing budgets for the 2nd quarter ending June 30, 2021. For each requirement below prepare budgets by month for April, May and June, and a total budget for the quarter. 1. The previous year's sales (2020) for the corresponding period were: April 35,000 chocolate bars May 44,000 chocolate bars June 37,000 chocolate bars July 45,000 chocolate bars August 42,000 chocolate bars The company expects the above volume of bar sales to increase by 7% for the period April 2021 - August 2021. The budgeted selling price for 2021 is $9.00 per chocolate bar. The company expects 85% of its sales to be cash (COD) sales. The remaining 15% of sales will be made on credit. Prepare a Sales Budget for ChocoAlmo. 2. The company desires to have finished goods inventory on hand at the end of each month equal to 14 percent of the following month's budgeted unit sales. On March 31, 2020, the company expects to have 5,243 chocolate bars on hand. (Note: an estimate of sales in July is required in order to complete the production budget for June). Use the @ROUND function to round to the nearest whole number the number of chocolate bars desired in ending inventory. Prepare a Production budget