The management of Zigby Manufacturing prepared the following balance sheet for March $31.$

To prepare a master budget for April, May, and June, management gathers the following information.

a$.$ Sales for March total $24,600$ units. Budgeted sales In units follow: April, $24,600$; May, $23,400$; June, $24,000$; and July, $24,600.$ The product's selling price is $$24\mathrm{.}00$ per unit and its total product cost is $$19\mathrm{.}85$ per unit.

b$.$ Raw materials inventory consists solely of direct materlals that cost $$20$ per pound. Company policy calls for a given month's ending materials inventory to equal $50\%$ of the next month's direct materlals requirements. The March $31$ raw materials inventory is $5,910$ pounds. The budgeted June $30$ ending raw materials Inventory is $4,800$ pounds. Each finished unit requires $0\mathrm{.}50$ pound of direct materlals.

c$.$ Company policy calls for a given month's ending finished goods Inventory to equal $80\%$ of the next month's budgeted unit sales. The March $31$ finished goods inventory is $19,680$ units.

d$.$ Each finished unit requires $0\mathrm{.}50$ hour of direct labor at a rate of $$15$ per hour.

e$.$ The predetermined varlable overhead rate is $$270$ per direct labor hour. Depreclation of $$24,000$ per month is the only fixed factory overhead item.

f$.$ Sales commissions of $8\%$ of sales are paid in the month of the sales. The sales manager's monthly salary Is $$3,600.$

g$.$ Monthly general and administrative expenses Include $$14,400$ for administrative salarles and $0\mathrm{.}9\%$ monthly interest on the longterm note payable.

h$.$ The company budgets $30\%$ of sales to be for cash and the remaining $70\%$ on credit. Credit sales are collected in full in the month following the sale $($no credit sales are collected in the month of sale$).$

I. All raw materlals purchases are on credit, and accounts payable are solely tled to raw materlals purchases. Raw materlals purchases are fully paid in the next month $($none are paid in the month of purchase$).$

J$.$ The minimum ending cash balance for all months is $$48,000.$ If necessary, the company borrows enough cash using a loan to reach the minimum. Loans require an Interest payment of $1\%$ at each month$-$end $($before any repayment$).$ If the month$-$end preliminary cash balance exceeds the minimum, the excess will be used to repay any loans.

k$.$ Dividends of $$12,000$ are budgeted to be declared and paid in May.

I. No cash payments for Income taxes are budgeted in the second calendar quarter. Income tax will be assessed at $35\%$ In the quarter and budgeted to be paid in the third calendar quarter.

$m.$ Equipment purchases of $$120,000$ are budgeted for the last day of June.

Requlred:

Sales budget.