Using the below information open an excel file and create a Sales Budget, a Cash Receipt Schedule and a Production Budget for Fiwrt for the months of Oct, Nov, and Dec. Make sure to use proper format including dollar signs and headers.

Fiwrt Corporation manufactures and sells stainless steel coffee mugs. Expected mug sales (in units) are expected to be as follows: September 32,000, October 30,000, November 36,000, December 34,000, and January 35,000.

Selling Price is expected to be $8 per mug. 40% of sales are on account. All sales on account are collected in the following month. Fiwrt likes to maintain a finished goods inventory equal to 30% of the next month's estimated sales.