Austin Laptop Plus company approached you as a Management Accounting expert to assist them in preparing their 2021 budget. They provided you with the following data The company is manufacturing and selling TWO models of the branded Laptops: oModel oModel 2 Expected number of units to be sold in 2021 oModel 1: 30,000 units oModel 2: 20,000 units Expected selling Price Model 1: $500 per unit o Model 2: S400 per unit Each model requires 5 components o Camera (Model 1 has 4 Cameras, while Model 2 has only 2 Cameras). d o Screen Frame oMotherboard. Component prices are as follows: o Camera: $30 o Keypads: $20 o Screen: $40 oFrame: S6 oMotherboard: $24 No ending inventory of any component item or finished goods is required. Both Laptop Models require 5.5 hours of labor at a cost of S10.00 per hour to be manufactured. Overhcad is allocated at a rate of $30 per direct labor hour Variable expense rates per unit of sales are sales commissions $3 and freight-out $2 Fixed costs include Depreciation $8000 Salaries $2000 and maintenance $3000 for each model Interest is $10000 and Taxes are $50000 Required Prepare the following for 2021: oSales Budget oComponents (Purchased Material) Budget oDirect Labor Budget oAn overhead Budget o Selling and Administrative Budget Prepare a budgeted income statement till Net Income