Blue Spruce Inc. is preparing its annual budgets for the year ending December 31, 2022. Accounting assistants have provided the following data: An accounting assistant has prepared the detailed manufacturing overhead budget and the selling and administrative expenses budget. The latter shows selling expenses of $855,000 for product LN 35 and $389,000 for product LN 40, and administrative expenses of $516,000 for product LN 35 and $182,000 for product LN 40 . Income takes are expected to be 30%. Prepare the sales budget for the year. Prepare the production budget for the year. Prepare the direct labour budget for the year. (Round direct labour hours per unit to 2 decimal places, eg. 0.15.) BLUE SPRUCE INC. Direct Labour Budget For the Year Ending December 31, 2022 LN 35 LN 40 Total Question Part Score /4 FTepare tne Dudgeted income statement for the year. (Note: Income taxes are not allocated to the products.) BLUE SPRUCE INC. Budgeted Income Statement For the Year Ending December 31, 2022 LN 35 LN 40 $ $ $ BLUE SPRUCE INC. Budgeted Income Statement For the Year Ending December 31, 2022