Jaughn Inc. is preparing its annual budgets for the year ending December 31, 2022. Accounting assistants have provided the following lata: An accounting assistant has prepared the detailed manufacturing overhead budget and the selling and administrative expenses budget. The latter shows selling expenses of $855,000 for product LN 35 and $390,000 for product LN 40 , and administrative expenses of $515,000 for product LN 35 and $182,000 for product LN 40 . Income taxes are expected to be 30% Prepare the sales budget for the year: Prepare the production budget for the year. Prepare the direct materials budget for the year. Prepare the direct labour budget for the year. (Round direct labour hours per unit to 2 decimal places, eg. 0.15.) Prepare the budgeted income statement for the year. (Note: Income taxes are not allocated to the products.)