Oriole inc. is preparing its annual budgets for the year ending December 31, 2020. Accounting assistants furnish the data shown below. An accounting assistant has prepared the detalled manufacturing overhead budget and the selling and administrative expense budget. The latter shows selling expenses of $662,000 for product JB50 and $361,000 for product JB 60 , and administrative expenses of $541,000 for product JB 50 and $345,000 for product JB60. Interest expense is $150,000 (not allocated to products). Income taxes are expected to be 30%. (a) Prepare the sales budget for the year. Prepare the sales budget for the year