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Identify the order in which the following budgets are prepared. Use the letter a to indicate the first budget to be prepared, b for the

Identify the order in which the following budgets are prepared. Use the letter a to indicate the first budget to be prepared, b for the second, and so on.

1. Direct labor budget SelectabcdefgItem 1
2. Production budget SelectabcdefgItem 2
3. Selling, administrative, and general expenses budget SelectabcdefgItem 3
4. Budgeted income statement SelectabcdefgItem 4
5. Sales budget SelectabcdefgItem 5
6. Budgeted balance sheet SelectabcdefgItem 6
7. Cash budget Selectabcdefg Item 7

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