Unit selling price=AED 40 Sales quantity estimates for 2022 Month Quantity January 2,000 February 2,200 March 2,300 April 1,800 May 1,500 June 1,400 July 1,200 August 1,000 September 1,500 October 2,000 November 2,200 December 2,400 - From experience, the company estimates that it would start the year 2022 with 200 units of cement and would always keep 10 percent of current month sales as beginning inventory against the next month. -Customers usually paid 60% of current month sales while the balance is collected in the next month -There may be 50,000 receivable from 2021 and would be collected in January, 2022 -Cost of goods sold is estimated at 50% of sales price Required A 1. You are required to prepare a sales budget for 2022 2. You are required to prepare a schedule of cash collection for 2022 3. You are required to prepare a purchase budget for the year 2022 B 1. You are required to prepare a full report to educate your uncle and other business owners, who do not understand accounting, on the meaning and benefit of budgeting. Your report should be detailed with appropriate examples/case studies where possible. Remember your audience do not have accounting knowledge hence your explanation should be suitable for them. 2. Additionally, you are required to prepare power point slides of key points contained in your report. The slides should be suitable for presentation in a seminar to educate business people on the importance of budgeting