Comprehensive budgeting problem (Learning Objectives 2 & 3) Martin Manufacturing is preparing its master budget for the first quarter of the upcoming year. The following data pertain to Martin Manufacturing's operations: P9-57A Current Assets as of December 31 (prior year): $ 4,500 $ 47,000 $ 15,700 $120,000 $42,400 $124,000 Retained earnings$ 23,100 Cash esesese Accounts receivable, net..uuuu.... Property, plant, and equipment, net. a. Actual sales in December were $70,000. Selling price per unit is projected to remain stable at $10 per unit throughout the budget period. Sales for the first five months of the upcoming year are budgeted to be as follows: $ 80,000 $92,000 $99,000 $97,000 $ 85,000 44684 8086 64844 848 64844844894844484444444844944484484 68444E484 Februar March Ma b. Sales are 30% cash and 70% credit. All credit sales are collected in the month follow- ing the sale