The following information is available regarding M/s XYZ Company Expected Sales Selling Price Per Unit ($) Cash Collection 50% in the same month 30% in the next month January 25000 20 February March 35000 40000 20 20 10% uncollectible Account Receivable of $20,000 dated 31st December is collected in January 1st Management wants to keep an inventory equal to 10% of the next months Sales The opening stock, as on 1st January, was 4000 units Prepare Sales Budget Cash Collections Schedule Production Budget April 45000 20 May 50000 20