For example, if the last five digits in your student ID are 14607, the budgeted sales in units would be: December of the previous year 10,000 January 40,000 February 60,000 March 100,000 April 70,000 2. Prepare a purchases budget and the schedule for Disbursements for Purchases for January through March and for the first quarter in total. Assume that the company only sells one product that can be purchased at $45.00 per unit. The market for this product is very competitive and customers highly value quality and on time delivery of the product. Also assume that currently it is company policy that ending inventory should equal 50% of next months projected sales. 3. Prepare a Selling and Administrative Expense budget 4. Prepare a cash budget for January through March and for the first quarter in total. The company maintains a minimum cash balance of $100,000 and this was the ending cash balance in the cash account on December 31. 5. Prepare the Budgeted Income Statement based on data including pertinent computed data from relevant budgets prepared above