Preparing an overhead budget, an other expenses budget, and a budgeted income statement} Lynn and Paul, the systems consultants in P9-3, budgeted overhead and other expenses as follows for the year ended December 31, 2008:

{Required:}
1. Prepare an overhead budget.
2. Prepare an other expenses budget.
3. Prepare a budgeted income statement.

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Overhead: Depreciation-equipment. Depreciation-building Fringe benefits Photocopying... Secretarial support Telephone/fax Utilities... Other expenses: Travel Meals $ 60,000 135,000 385,000 95,000 465,000 115,000 193,000 $123,000 37,000