Ceder Company has compiled the following data for the upcoming year Sales are expected to be 14,500 units at $50.00 each. Each unit requires 3 pounds of direct materials at $2.60 per pound Each unit requires 1.4 hours of direct labor at $17.00 per hour Manufacturing overhead is $3.60 per unit. Beginning direct materials inventory is $4.100.00 Ending direct materials inventory is $5,000.00 Selling and administrative costs totaled $136,770. 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.) Banca Cost of Boods Sold Required 2 > 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 Gross Margin Budgeted Net Operating Income