Blossom Inc. is preparing its annual budgets for the year ending December 31, 2022. Accounting assistants furnish the following. An accounting assistant has prepared the detailed manufacturing overhead budget and the selling and administrative expense budget. The latter shows selling expenses of $571,200 for product JB 50 and $367,200 for product JB 60 , and administrative expenses of $550,800 for product JB 50 and $346,800 for product JB 60 . Interest expense is $150,000 (not allocated to products). Income taxes are expected to be 20%. BLOSSOM INC. Direct Labor Budget BLOSSOM INC. Budgeted Income Statement $