i need all the work and all the calculations and how you get all the numbers and also showing me steps.

Caribbean Kayaks (CK) Maritza (which means star of the sea) Joseph is preparing the 2022 budget for one of CK's kayaks. Extensive meetings with members of the sales department and executive management team have resulted in the following unit sales projections for 2022. Quarter 1 Quarter 2 Quarter 3 Quarter 4 1,350 kayaks 1.300 kayaks 1.100 kayaks 950 kayaks CK's policy is to have finished goods ending inventory in a quarter equal to 15% of the next quarter's anticipated sales. Preliminary sales projections for 2023 are 1,250 units for the first quarter and 1,550 units for the second quarter. Ending inventory of finished goods at December 31, 2021, will be 250 kayaks. Production of each kayak requires 65 pounds of polyethylene powder and a finishing kit (rope, seat, hardware, etc.). Company policy is that the ending inventory of polyethylene powder should be 20% of the amount needed for production in the next quarter. Assume that the ending inventory of polyethylene powder on December 31, 2021, is 17,600 pounds. The finishing kits are outsourced and can be purchased as they are needed. As a result, CK does not maintain a material amount of finishing kit inventory The polyethylene powder used in these kayaks" costs $1.85 per pound, and the finishing kits cost $160 each. Production of a single kayak requires 2.5 hours of time by more experienced, type A employees and 4.2 hours of less-experienced type B employees. The type A employees are paid $30 per hour, and the type B employees are paid $15 per hour. Selling and administrative expenses for this line are expected to be $85 per unit sold plus S7,100 per quarter. Manufacturing overhead is assigned at 130% of labor costs. Instructions: 1. Prepare the required budgets using ONE excel file or google drive (sheet), you MAY use multiple tabs in a file. All calculations should be done using embedded formulas in the submitted excel/google spreadsheet, numbers that transfer from one location to another should be linked/referenced. See instructional videos that have been provided to help you understand formulas and cell referencing. 2. You may discuss and work with other students but you must complete ALL WORK ON YOUR OWN. 3. Using the format demonstrated in your textbook - Prepare the following budgets (be sure to show/demonstrate ALL calculations - include quarterly AND yearly totals) in excel or google drive: a. production budget b. direct materials budget c. direct labor budget d. manufacturing overhead budget e selling and administrative budget 4. Assume you are in a management position and are asked by top executives to propose a sales price for this kayak model that would be competitive, reasonable and profitable based on projections. Knowing that if your proposal is accepted it could mean a huge promotion and/or bonus. It is important that you effectively support your pricing decision with sufficient arguments/reasons to convince these executives of your proposal. 5. Using your sales pricing decision, prepare the following budgets (again, be sure to include quarterly AND yearly totals): . a. Sales Budget b. Budgeted Income Statement