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Prepare the direct labor budget for the year. (Round Direct labor time per unit onswers to 1 decimal place, e.g. 52.5.) Prepare the production budget for the year. Prepare the budegeted multiple-step income statement for the year. (Note: income taxes are not allocated to the products). An accounting assistant has prepared the detailed manufacturing overhead budpet and the selling and adininistrative expense budget. The latter shows selling expenses of $515,200 for product JB 50 and $331,200 foc product JB,60, and administrative expenses of $496,800 for product JB50 and $312,800 for product 1860 . Interest expense is $150,000 (not allocated to products). Income taxes are expected to be 20h. Coronado Inc. is preparing its annual budgets for the year ending December 31, 2022. Accounting assistants furnish the data shown below. JB 50 JB 60 CORONADO INC. Direct Labor Budget JB 50 JB 60 Total $ $ $ Prepare the sales budget for the year. Total Net come/(toss) Gross Profit Interest Expense Selling Expenses Administrative Expenses Purchases Intome Tax fxpense Beginning Inventory Operatinis Txpenses Cost of Goods Sold Ending imventory Income before lncome Taxes TotalOperating Expenses Sales Income from Operations