I need the supporting calculations for budgeted income statement and budgeted balance sheet for the year ending December 31, 2017. Please and thank you. I dont just want answers to one part, I already did most I just need help on those last parts.

268 Chapter 6 Budgeting Budget estimates of manufacturing costs and operating expenses for the year are Estimated Costs and Expenses summarized as follows: Fixed Variable (Total for Year) (Per Unit Soldy $1.10 0.65 Cost of goods manufactured and sold Direct materials $40,000 12,000 Factory overhead: 0.40 Depreciation of plant and equipment. Other factory overhead 0.45 46,000 64,000 6,000 Selling expenses: Sales salaries and commissions Advertising Miscellaneous selling expense 0.25 Administrative expenses: Office and officers salaries Supplies Miscellaneous administrative expense 72,400 5,000 4,000 0.12 0.10 0.05 Balances of accounts receivable, prepaid expenses, and ac s payable at the end of the year are not expected to differ significantly from the b ig balances. Federal income tax of $30,000 on 2017 taxable income will be paidd terly cash dividends of $0.15 per share are expected to be detre and paid in March, June, September, and December on 18,000 shares of common stock outstanding. It is anticipated that fixed assets will be purchased for $75,000 cash in May Instructions 1. Prepare a budgeted income statement for 2017 2. g2017. Regular quar Prepare a budgeted balance sheet as of December 31, 2017, with supporting calcula tions. roblems: Series B PR 6-1B Forecast sales volume and sales budget tal revenueSentinel Systems Inc. prepared the following sales budget for 2016 OBJ. 4 ales, 950 Sentinel Systems Inc