LO3 LO4 Preparing a Comprehensive Budget P2. Bertha's Bathworks produces hair and bath products. Its biggest customer is a national retail chain that specializes in such products. Bertha Jackson, the owner of Bertha's Bath ks, would like to have an estimate of the company's net income in the coming year. Required Project Bertha's B nct income next year by completing the operating athworks" budgets and budgeted income statement that follow. 1. Sales Budget: Bertha's Bathworks Sales Budget For the Year Ended December 31 Quarter Sales in units 3,000 5,000 7.000 X Selling price per unit Total sales $20,000 2. Production Budget: Bertha's Bathworks Production Budget For the Year Ended December 31 Year Sales in units 4,000 Plus desired units of ending finished goods inventory 300 500 600 4,300 Desired total units Less desired units of beginning finished goods inventory -400 Total production units 3,900 Desired units of ending finishedgoods inventory 0% of next quarter's budgeted sales. 'Desired units of beginning finis goods inventory 0%of current quarter's budgeted sales