B D E F G K M N O P 1 Fulction: SUM; Formula: Subtract, Multiply; Cell Referencing A w N 3 Using Excel to Prepare a Production Budget 4 PROBLEM 5 Paige Company estimates that following unit sales and desired 6 inventory level for the four quarters of the year ending December 31, 7 2022. Student Work Area Required: Provide input into cells shaded in yellow in this template. Use mathematical formulas with cell references to the Problem area or this work area as indicated. Use the SUM function with cell referencing for totals. 8 Paige Company Production Budget For the Six Months Ending June 30, 2022 Quarter 1 Quarter 2 10,000 14,000 Six Months 9 Quarter 1 sales 10,000 10 Quarter 2 sales 14,000 11 Quarter 3 sales 15,000 12 Quarter 4 sales 18,000 13 Desired ending finished goods inventory 14 based on next quarter's expected unit sales 25% 15 Unit selling price $ 70.00 16 17 Prepare a production budget by quarters for the first 6 months of 18 2022. Expected unit sales Add: 19 Less: 20 21 22 23