Bonita Inc. is preparing its annual budgets for the year ending December 31, 2022. Accounting assistants have provided the following data: Product LN 35 Product LN 40 399.000 $30 239,000 $34 27.000 21.000 21.000 14.000 Sales budget Expected volume in units Unit selling price Production budget Desired ending finished good units Beginning finished goods units Direct materials budget: Direct materials per unit (kilograms) Desired kilograms of ending direct materials Beginning kilograms of direct materials Cost per kilogram Direct labour budget Direct labour time per unit (hours) Direct labour rate per hour Budgeted income statement Total unit cost 2 52,000 38,000 $2 3 17,000 11,000 $3 0.50 $12 0.70 $12 $11 $20 An accounting assistant has prepared the detailed manufacturing overhead budget and the selling and administrative expenses budget. The latter shows selling expenses of $852.000 for product LN 35 and $392,000 for product LN 40, and administrative expenses of $520,000 for product LN 35 and $181,000 for product LN 40. Income taxes are expected to be 30%. (a) Prepare the sales budget for the year. BONITA INC Sales Budget For the Year Ending December 31, 2022 LN 35 LN 40 Total Expected sales in units Unit selling price $ $ $ Total sales $ e Textbook and Media Save for Later Attempts: 0 of 3 used Submit Answer b) Prepare the Production budget for the year c) Prepare the direct materials budget for the year d) Prepare the direct labor budget for the year e) Prepare the budgeted income statement for the year. (Note: Income taxes are not allocated to the products.)