Haven Company has accumulated the following budget data for the year 2020:

1.Sales: 30,000 units; unit selling price $80

2.Cost of one unit of finished goods: direct materials, 2 kg at $5 per kilogram; direct labour, three hours at $12 per hour; and manufacturing overhead, $6 per direct labour hour

3.Inventories (raw materials only): beginning, 10,000 kg; ending, 15,000 kg

4.Raw materials cost: $5 per kilogram 5.Selling and administrative expenses: $200,000

6.Income taxes: 30% of income before income taxes Instructions

a. Prepare a schedule showing the calculation of the cost of goods sold for 2020.

b. Prepare a budgeted income statement for 2020.

Please be detailed, will like for a correct clear answer!