PROBLEMS Group A XP9.57A Comprehensive budgeting problem loaming objecanrer f tha upcoming g is preparing its master budget for the first quarter of the upcoming year. The following data pertain to Martin Manufacturing's operations Current Assets as of December 31 (prior year) Cash Accounts receivable, net.... Inventory s 4,500 s 47,000 s 15,700 $120,000 42,400 Property, plant, and equipment, net Accounts payable .. Capital stock. $124,000 23,100 al sales in December were $70,000. Selling price per unit is projected to remain a. Actu 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: s 80,000 $ 92,000 $99,000 ...97,000 85,000 January March Apri May. Sales are 30% cash and 70% credit. All credit sales are collected in the month follow- ing the sale. b. PROBLEMS Group A XP9.57A Comprehensive budgeting problem loaming objecanrer f tha upcoming g is preparing its master budget for the first quarter of the upcoming year. The following data pertain to Martin Manufacturing's operations Current Assets as of December 31 (prior year) Cash Accounts receivable, net.... Inventory s 4,500 s 47,000 s 15,700 $120,000 42,400 Property, plant, and equipment, net Accounts payable .. Capital stock. $124,000 23,100 al sales in December were $70,000. Selling price per unit is projected to remain a. Actu 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: s 80,000 $ 92,000 $99,000 ...97,000 85,000 January March Apri May. Sales are 30% cash and 70% credit. All credit sales are collected in the month follow- ing the sale. b