Budgeted Income ftatement and lance sheet As a preliminary to requesting budget estimates of sales. costs, and expenses for the fiscal year beginning January 1, 2019, the following tentative trial balance as of December 31, 201. prepared by the Accounting Department of Regina Soap ch $85.000 Accounts Receivable 125,600 Finished Goods 59,300 Work in Process 32.500 Materials 48.900 Prepaid Expenses 2.800 Plant and Equipment 325.000 Accumulated Depreciation plant and Equipment 5556 200 Accounts Payable 62.000 Common Stock 510 par Retained Earnings 290.700 5688.900 SC01,900 Factory output and sales for 2011 spected to total 100,000 units of product which to be sold at 35.00 unit. The sun and costs of the matonat Dec 31.20. rected to remain unchanged from the balances at the beginning of the ya Budget estimate of manufacturing costs and operating for the year and folle Estimated costs and Expenses Fixed Variable (Total for Year) (PerUnit Sold) Cost of good manufactured and sold Det materials Director 180.000 0.69