Pl. Coyote Inc. is preparing its annual budgets for the year ending December 31, 2022. Accounting assistants furnish the data shown below. Sales budget: Anticipated volume in units of finished good Unit selling price Production budget: Desired ending finished goods units Beginning finished goods units Direct materials budget: Direct materials per unit of finished good (pounds) Desired ending direct materials pounds Beginning direct materials pounds Cost per pound of materials Direct labor budget: Direct labor time per unit of finished good Direct labor rate per hour Budgeted income statement: Total unit cost (COGM/unit) 600,000 $25 30,000 40,000 4 50,000 40,000 $2 0.5 $20 $22 The selling expenses budget is $560,000, while the administrative expenses budget is $540,000.. Interest expense is $150,000 and income taxes are expected to be 30%. Instructions: Prepare sales, production, direct materials, direct labor, and income statement budgets