Homework: Chapter 22 Homework Score: 0.68 of 1 pt WP22-41A (book/static) The Gerard Tire Company manufactures racing tires for bicycles. Gerard sells tires for 590 each. Gerard is planning for the next budget by quarters. Gerard's balance sheet for December 31, 2018, follows: (Click the icon to view the balance sheet.) Requirement 1. Prepare Gerard's operating budget and cash budget for 2019 by quarter. Required schedules and budgets inclu ash receipts, schedule of cash payments and cash budget. Manufacturing overhead costs are allocated based on direct labor! Begin by preparing the sales budget. Gerard Tire Company Sales Budget For the Year Ended December 31, 2019 First Second Third Quarter Quarter Quarter Fourth Quarter Total Budgeted tires to be sold Sales price per unit Total sales Homework: Chapter 22 Homework Score: 0.68 of 1 pt WP22-41A (book/static) The Gerard Tire Company manufactures racing tires for bicycles. Gerard sells tires for 590 each. Gerard is planning for the next budget by quarters. Gerard's balance sheet for December 31, 2018, follows: (Click the icon to view the balance sheet.) Requirement 1. Prepare Gerard's operating budget and cash budget for 2019 by quarter. Required schedules and budgets inclu ash receipts, schedule of cash payments and cash budget. Manufacturing overhead costs are allocated based on direct labor! Begin by preparing the sales budget. Gerard Tire Company Sales Budget For the Year Ended December 31, 2019 First Second Third Quarter Quarter Quarter Fourth Quarter Total Budgeted tires to be sold Sales price per unit Total sales