abo Budget Income Statement and Balance Sheet As a reminary to requtsting buto estimates of costs, and capenses for the focal year beginning January 1, 2017, the following tentative tribalance of December 31, 2010, prepared by the Accounting Department of Regina Saca Cach $113,100 Accounts Receivable 219,400 Finished Goods 46,100 Worten Troca 50,500 3,700 Pantander 533.600 Actuated one and $229,500 Accountable 162.00 750,000 Bintang 254.100 1997,300 $97.300 Mes for 2015 seted a 27.00 wits of product which was to be 100. The act of the Dr. 20, xeded to remained on the press the big ofte test mancung co antes personer Estimated costs and penses Fixed Variable (Total for Year) (PerUnit) Comandard and ma 25 My Wor Pro Sumt for Gwing MacBook Air 8 E Y U O P D . J K c V B N ? 1 36 command and option 122.000 Bock Budget estimates of manufacturing costs and operating expens for the year are summarized as follows: Estimated costs and Expenses Variable (Total for Year) (Per Unit Sold) Cost of goods manucured and sold Direct materials Director Factory Overhead Depreciation of plant and equipment Other factory overhead 6.400 4.5 Selling expenses Sales are and commissions 8.900 12.5 Avering Miscellaneous selling expen 7,000 2 Adminle openses Ocences 63,00 6.5 Suples 3,200 Miscellaneous administrative expen 1.700 15 as of controlerent counts payable at the end of the year are not expected to incant from the beginning tunc met of $229,200 on 2009 mai income will be paid during 2011. Requerythvide of 51 per share repeded to be declared and paid in the setebet, and December 3,000 res of common shack on the anticipated that feet wie durch 144.000 Required 1. Pricewater for 20 Regina Soap Co. Dedy Vid Pro 8.000 Email Save and Sument for Grading MacBook Air ! G 7 B 9 O E R U 1 O P D F H L : ? B N M 36 command option Required: 1. Prepare a budgeted income statement for 2049. Regina Soap Co. Budgeted Income Statement For the Year Ending December 31, 2049 Cost of goods sold: 8 Cost of goods sold Gross profit Operating expenses Selling expenses $ Total selling expenses Administrative expenses: Total administrative expenses Total operating expenses Check My Work MacBook Air o AM Total selling expenses Administrative expenses: Total administrative expenses Total operating expenses Income before income tax 2. Prepare a budgeted balance sheet as of December 31, 2049. Regina Soap Co. Budgeted Balance Sheet December 31, 2019 Assets Current assets: Check My Work MacBook Air Go fis 28 D $ 4 X 5 3 6 8 2. Prepare a budgeted balance sheet as of December 31, 2019. Regina Soap Co. Budgeted Balance Sheet December 31, 2049 Assets Current assets: Inventories Total current assets Property, plant, and equipment: Total property, plant, and equipment Total assets Liabilities Current liabilities: L. Check My Work Email Instructor Save and MacBook Air 35 : 2 9 5 6 CO 7 8 9 0 E R R T Y U 0 7. D F G H J K L V V R M > Total current assets Property, plant, and equipment: Total property, plant, and equipment Total assets Llabilities Current liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity Check My Work Email instructor 3 MacBook Air A: & 3 4 6 8 9 O E R. T Y U I O D F G H J K L V B N. M. 3 command