PC Disney Twitch Microsoft Office In Linkedin Patreon Chapter 22 Homework ebook Print item Budgeted Income Statement and Balance Sheet As a preliminary to requesting budget estimates of sales, costs, and expenses for the fiscal year beginning January 1, 2019, the following tentative trial balance as of December 31, 201, is prepared by Accounting Department of Regina Soap Co. Cash 5103,300 Accounts Receivable 197,300 Finished Goods 41,400 Work in Process 27,600 Materials 45.400 Prepaid Expenses 3,400 Plant and Equipment 455,600 Accumulated Depreciation--Plant and Equipment $196,300 Accounts Payable 147,700 Common Stock, S10 par 300,000 Retained taming 231,000 $475,000 $875,000 Factory output and sales for 2019 ore expected to total 24,000 units of product, which are to be solde 100 per unit. The quantities and costs of the investories at December 21, 2010, ected to unchanged from the balances at the beginning of the year Budget estimates of manufacturing costs and operating expenses for the year are summarized as follows Estimated costs and Expenses Fixed Variable (Total for Year) (Per Unit Sold) net aradanan Budget estimates of manufacturing costs and operating expenses for the year are summarized as follows: Estimated costs and Expenses Fixed Variable (Total for Year) (Per Unit Sald) Cost of good manufactured and sold Direct materiais $25 Direct tabor Factory overhead Deprecation of plant and equipment $24,000 Other factory overhead 7,400 Selling expenses Sales salaries and commissions 36,200 12.5 Advertising 72,000 Miscellaneous selling expense 6,200 2 Administrative pente Office and officers salanes 56,500 Supplies 2.900 1 Miscellaneous administrative expense 1,500 15 Balances of accounts receivable prepaid expenses, and accounts payable at the end of the year are not cupected to differ significantly from the beginning balances Federat income tax of $20,000 on 2009 income will be paid during 2011. Reuter quarterly cash dividence of $1 per share are expected to be declared and paid in March on September, and December on 30,000 shares of common stock outstanding anticipated that feeds will be purchased for $123,000 cash in May Required: 1. Proare a budgeted income statement for 2018 PC Disney Twitch Microsoft Office In Linkedin Patreon Chapter 22 Homework ebook Print item Budgeted Income Statement and Balance Sheet As a preliminary to requesting budget estimates of sales, costs, and expenses for the fiscal year beginning January 1, 2019, the following tentative trial balance as of December 31, 201, is prepared by Accounting Department of Regina Soap Co. Cash 5103,300 Accounts Receivable 197,300 Finished Goods 41,400 Work in Process 27,600 Materials 45.400 Prepaid Expenses 3,400 Plant and Equipment 455,600 Accumulated Depreciation--Plant and Equipment $196,300 Accounts Payable 147,700 Common Stock, S10 par 300,000 Retained taming 231,000 $475,000 $875,000 Factory output and sales for 2019 ore expected to total 24,000 units of product, which are to be solde 100 per unit. The quantities and costs of the investories at December 21, 2010, ected to unchanged from the balances at the beginning of the year Budget estimates of manufacturing costs and operating expenses for the year are summarized as follows Estimated costs and Expenses Fixed Variable (Total for Year) (Per Unit Sold) net aradanan Budget estimates of manufacturing costs and operating expenses for the year are summarized as follows: Estimated costs and Expenses Fixed Variable (Total for Year) (Per Unit Sald) Cost of good manufactured and sold Direct materiais $25 Direct tabor Factory overhead Deprecation of plant and equipment $24,000 Other factory overhead 7,400 Selling expenses Sales salaries and commissions 36,200 12.5 Advertising 72,000 Miscellaneous selling expense 6,200 2 Administrative pente Office and officers salanes 56,500 Supplies 2.900 1 Miscellaneous administrative expense 1,500 15 Balances of accounts receivable prepaid expenses, and accounts payable at the end of the year are not cupected to differ significantly from the beginning balances Federat income tax of $20,000 on 2009 income will be paid during 2011. Reuter quarterly cash dividence of $1 per share are expected to be declared and paid in March on September, and December on 30,000 shares of common stock outstanding anticipated that feeds will be purchased for $123,000 cash in May Required: 1. Proare a budgeted income statement for 2018