Cook Farm Supply Company manufactures and sells a pesticide called Snare. The following data are available for preparing budgets for Snare for the first 2 quarters of 2017. Your assistant has prepared two budgets: (1) the manufacturing overhead budget shows expected costs to be 125% of direct labor cost, and (2) the direct materials budget for Tarr shows the cost of Tarr purchases to be $299,000 in quarter 1 and $427, 500 in quarter 2. Prepare the soles budget. Prepare the production budget. Prepare the direct labor budget. Prepare the selling and administrative expense budget. Prepare the budgeted multiple-step income statement for the first 6 months