Part A {10 marks) Data Input The sales budget for the nine months ended September 30 are as follows: _ Quarter Ended 136.200 Credit sale 76,550 65,450 78,960 220,960 Totalsales 116,550 141,950 148,660 407,160 In the past, the cost of goods sold has always been 60% of the total sales. The director of marketing, the production manager and the vice-president afree that edning inventory should not go below $ 15,000 plus 15% of cost of goods sold for the following quarter. Expected sales are $ 150,650 during the fourth quarter. Requird: Prepare a budget showing purchases. cost of goods sold and inventory for the nine months ened 30 September. Part B (10 marks} The management thinks of budgeting as a purely technical process but actually it is not. You are required to undertake literature reviewlresearch and write a business report to the management discussing budgeting as a non~technical process. Refer to satiscing, budgeting as a political process and budget ploys. Your report must consist of Executive Summary. Introduction. Main Body. and Conclusion. (10 marks) Part C {10 marks} Individual Video Presentation Based upon the report, you are required to prepare your own video presentation of no more than 3 minutes for your own part(s) or the part(s) allocated to you