Ceder Company has compiled the following data for the upcoming year: . Sales are expected to be 13,000 units at $55.00 each. Each unit requires 4 pounds of direct materials at $3.30 per pound. Each unit requires 1.5 hours of direct labor at $16.00 per hour. Manufacturing overhead is $4.30 per unit. Beginning direct materials inventory is $4,800.00. Ending direct materials inventory is $6,050.00. Selling and administrative costs totaled $137,820. . . 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 Complete Ceder's budgeted income statement. (Do not round the intermediate values.) CEDER CORP. Budgeted Income Statement Budgeted Contribution Margin Budgeted Cost of Goods Sold Budgeted Interest Expense Budgeted Sales Returns and Allowances Budgeted Gross Margin 175,500 Budgeted Sales Revenue Budgeted Selling and Administrative Expenses Budgeted Net Operating Income $ 37,680