4. Assuming that the dejired ending imentories of materials A and 6 are 5,000 and 21,000 pounds, respectively, and that workitharocess inventores ace immaterial, prepare budgets for the calendar quarte in which the new product will be introduced for each of the following operaning factors Donot use mepaties signs with acy of your answers below 1. Total sales 2. Productior 1. Material biarchases cost it Direct labor costs 5. Manufacturing overhead costs 6. Selling and administrative expenses b. Using data generated in requirement (a), prepare a budgeted income statement for the calendar quarter. Assume an overall effective income tax rate of 35%. Round answers to the nearest whole number. 4. Assuming that the dejired ending imentories of materials A and 6 are 5,000 and 21,000 pounds, respectively, and that workitharocess inventores ace immaterial, prepare budgets for the calendar quarte in which the new product will be introduced for each of the following operaning factors Donot use mepaties signs with acy of your answers below 1. Total sales 2. Productior 1. Material biarchases cost it Direct labor costs 5. Manufacturing overhead costs 6. Selling and administrative expenses b. Using data generated in requirement (a), prepare a budgeted income statement for the calendar quarter. Assume an overall effective income tax rate of 35%. Round answers to the nearest whole number