Calculate The Bottled Water Company's net income for the new product in the coming year by completing the operating budgets and budgeted income state- ment that follouw . Sales budget: The Bottled Water Company Sales Budget For the Year Ended December 31 Quarter 2 Year Sales in units selling price per unit Total sales 40,000 30,000 50,000 55,000 175,000 $1 ? ? ? 1401000 2. Production budget: The Bottled Water Company Production Budget For the Year Ended December 31 Quarter Year Sales in units Plus desired units of ending finished goods inventory Desired total units Less desired units of beginning finished goods inventoryt Total production units 40,000 ?? 3,000 43,000 6,000 6,000 ?4,000 4,000 39,000 "Desired units of ending finished goods inventory-|0% of next quarter's budgeted sales f Desired units of beginning finished goods inventory 1 0% of current quarter's budgeted sales