Antenna Matic Manufacturing accumulated the following budget data for the 2023 year:

1. Sales: 72,700 units, unit selling price $150.00 2. Cost of one unit of finished goods: Direct Materials 20 feet at $2.40 per foot, Direct Labor 1.25 hours at $16.00 per hour, and Manufacturing Overhead $2.00 per direct labor hour. 3. Inventories (raw materials only): Beginning, 11,000 feet; ending, 13,500 feet. 4. Raw materials cost: $2.40 per foot 5. Selling and administrative expenses: $55,000. 6. Income taxes: 40% of income before income taxes.

Required: (a) Prepare a detailed schedule showing the computation of cost of goods sold for 2023. (b) Prepare a budgeted income statement in proper form for 2023.