Lily Inc. is preparing its annual budgets for the year ending December 31, 2022. Accounting assistants furnish the data shown below. An accounting assistant has prepared the detailed manufacturing overhead budget and the selling and administrative expense budget. The latter shows selling expenses of $616,000 for product JB 50 and $396,000 for product JB 60 , and administrative expenses of $594,000 for product JB 50 and $374,000 for product JB 60 . Interest expense is $150,000 (not allocated to products). Income taxes are expected to be 20% Prepare the sales budget for the year. Prepare the production budget for the year. (c) The parts of this question must be completed in order. This part will be available when you complete the part above. (d) The parts of this question must be completd in order. This part will be avallable when you complete the part above. (e) The parts of this question must be completed in order, This part will be avallable when you complete the part above