Ceder Company has compiled the following data for the upcoming year: . Sales are expected to be 14,000 units at $60.00 each. Each unit requires 3 pounds of direct materials at $3.50 per pound. Each unit requires 1.7 hours of direct labor at $18.00 per hour. Manufacturing overhead is $4.50 per unit. Beginning direct materials inventory is $5,000.00. Ending direct materials inventory is $6,350.00. Selling and administrative costs totaled $138,120. . . Required: 1. Determine Ceder's budgeted cost of goods sold. 2. Complete Ceder's budgeted income statement. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine Ceder's budgeted cost of goods sold. (Do not round the intermediate values.) Budgeted Cost of Goods Sold Required 1 Required 2 Complete Ceder's budgeted income statement. (Do not round the intermediate values.) CEDER CORP. Budgeted Income Statement Budgeted Gross Margin Budgeted Net Operating Income