IMPORTANT: Please show your work for this problem by handwriting any supporting calculations on your own paper and submitting it after the test is over. Label your work with the question number. LEXI Inc. manufactures and sells rock climbing gear LEXIs management team needs to estimate upcoming production for climbing harnesses. The harnesses are sold individually for $130 to retailers like REI and Moosejaw. The team feels that it should maintain inventory levels at 12% of the following month's sales LEXI's budgeted sales are below: Harnesses to be sold: October 52.000 Harnesses November 57.200 Harnesses December 62,920 Harnesses January 46,800 Harnesses February 46,800 Harnesses 1. How much sales revenue is budgeted for December? $ 2. How many harnesses should LEXI plan to produce in December? harnesses 3. LEXI's retail customers typically buy climbing gear on account. LEX's policy requires customers to pay for 20% of their purchases in the month of the sale, and the remainder in the month following the sale How much cash should LEXI expect to collect in December? $