(L03) Haven Company has accumulated the following budget data for the year 2020: Prepare a budgeted income statement for the year. 1. Sales: 30,000 units; unit selling price $80 2. Cost of one unit of finished goods: direct materials, 2 kg at $5 per kilogram; direct labour, three hours at $12 per hour, and manufacturing overhead, $6 per direct labour hour 3. Inventories (raw materials only): beginning, 10,000 kg; ending. 15,000 kg 4. Raw materials cost $5 per kilogram 5. Selling and administrative expenses: $200,000 6. Income taxes: 30% of income before income taxes Instructions a. Prepare a schedule showing the calculation of the cost of goods sold for 2020 b. Prepare a budgeted income statement for 2020