Budgeted Income Statement and Supporting Eludgets The budget dicector of Feathered Friends inc., whh the assistance of the contrcher, treasurer, production managec and sales manager, has gathered the following data for use in developing the budgeted income statement for December: b. Fetimated inventorine at neremher 1 . c. Desired inventorles at December 31: Direct msterials: a. Girect materials used in production: in mandacture of Aird House: In manufacture of Bird House: whod 0.80f. per unit of product Phaste. 0.50 tb. per unit of product gequired- 1. Prepare a sules truggel for Pecember. 1. Prepare a sales budget for December. 2. Prepace a production suspet for December. For those bones in which you must enter wiberaded or cegitive cumbers vie a minat aige. 2. Prepore a production budget for Decembez For those boxestin which pou must enter subtracted or negative numbers use a eninus algh. 3. Prepare a drect materiais purchases budget for December, For those bones in which you must enter sugpracted or degative mumbers use a minus sign. 3. Prepare a direct materibls surchasen budget for December. Kor those bowes in which vou must enter sustracted or negative numbers use a minus sign. 4. Prepare a direct iabor cost budqet for December 4. Prepare a ofrect labor cost bucigct for Decentoer. 5. Prepare of fachrry overincad cost budget for Decomber. 6. Preptre a cost of goobs soid budget for December. Woek in process at the beginning of December is entimated to be s29, obo, asd ngrk in preceit af Be end of December is estmatod to be $35,400. For those baves in weich you must enter subtracted or negecive numbers ute a murus sign 7. Prepare a selling and administrative expenses budget for December. 8. Prepare a budgeted income statement for December. In the other revenue and expense section, indicate expences as negative amounts