to maintain an endim stock of finishid pllows equal to 15% of the next month's sales. Salps (in units) are projectiod to be as follows for the fost three montha of the year (i) (Click the icen to view the projected sales (in units) fer the first three months of the year) Bequirements Requirements Preparo the folsowing builgets for the first three months of the year, as well as a sumenary budget for the quarter: 1. Prepare the sales budget, including a separale section that detals the byee of sales made. For this section, assume that toS of the compary/s pilows are cash sales, while the remaining soth we sold on credit fonme. 2. Prepare the production budget Assume thar the company anticipates selling 220,000 unts in Apel. 3. Prepare the dinect matorials putchases budget Assume the compary neess 240,000 m of fabric for production in Apri