Lily Inc. is preparing its annual budgets for the year ending December 31, 2022. Accounting assistants furnish the data shown below. Product JB 50 Product JB 60 Sales budget: Anticipated volume in units 440,000 220.000 Unit selling price $30 $35 Production budget: Desired ending finished goods units 33,000 16,500 Beginning finished goods units 27,500 11,000 Direct materials budget: 2 3 Direct materials per unit (pounds) Desired ending direct materials pounds 33,000 11,000 Beginning direct materials pounds 44.000 16,500 $3 $4 Cost per pound Direct labor budget: Direct labor time per unit 0.4 0.6 Direct labor rate per hour $12 $12 Budgeted income statement: Total unit cost $13 $20 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. LILY INC. Sales Budget JB 50 JB 60 Total $