Budgeted income statement and balance sheet

Budget estimates of manufacturing costs and operating expenses for the year are summarized as follows:

September, and December on $25,000$ shares of common stock outstanding. It is anticipated that equipment will be purchased for $$144,000$ cash in May.

Required:

Prepare a budgeted income statement for $20Yg$

Regina Soap Co$.$

Budgeted Income Statement

For the Year Ending December $31,20Yg$

Sales $**$

Cost of goods sold:

Required:

Prepare a budgeted income statement for $20Yg.$

Regina Soap Co$.$

Budgeted Income Statement

For the Year Ending December $31,20Yg$

Prepare a budgeted balance sheet as of December $31,20$ Y$9.$

Regina Soap Co$.$

Budgeted Balance Sheet

December $31,20Y9$

Assets

Current assets:

$?$

Inventories:

$$Prepare a budgeted balance sheet as of December $31,20Yg.$

Regina Soap Co$.$

Budgeted Balance Sheet

December $31,20Yg$

Assets

Current assets:

$1$

Inventories:

Total current assets

Property, plant, and equipment:

$

g

Total property, plant, and equipment

Total assets

Liabilities

Current liabilities:

$?$

Stockholders' Equity

Total stockholders' equity

Total liabilities and stockholders' equity