please correct required 2 and 3.

Wesley Power Tools manufactures a wide variety of tools and accessories. One of its more popular items is a cordless power handisaw. Each handisaw sells for $70. Wesley expects the following unit sales: January February March April May 2,200 2.600 3,100 2.700 2,200 Wesley's ending tinished goods inventory policy is 40 percent of the next month's sales. Suppose each handisew takes approximately 0.55 hours to manufacture, and Wesley, pays on average labor wage or $13.50 per hour. Each handnew requires a plastic housing that Wesley purchases from a supplier of a cost or $5.00 each. The company has an ending direct materials inventory policy on 10 percent of the following month's production requirements. Materials other than the housing unit total $450 per handisaw. Manufacturing overhead for this product includes 566,000 annual fed overhead (based on production of 24.000 units) and $0.90 per unit variable manufacturing overhead. Wesley's selling expenses are 5 percent of sales dollars, and administrative expenses are fixed at $18,000 per month 2 at $18,000 per month Required: 1. Compute the budgeted cost of goods sold for the first quarter. 2. Compute the budgeted selling and administrative expenses for the first quarter. 3. Complete the budgeted income statement for the handisew product for the first quarter. oints Complete this question by entering your answers in the tabs below. eBook Print References Required 1 Required 2 Required 3 Compute the budgeted selling and administrative expenses for the first quarter. Budgeted Selling and Administrative Expenses January 95,000 $ February 73,000 $ March 1st Quarter Total 90,500 $ 258,500 required requirea Kequirea 3 Commiplete the budgeted income statement for the handitaw product for the first quarter (Round direct material, direct labor and overhead costs per 2 decimal places Round final answers to the nearest dollar amount) WESLEY POWER TOOLS Budgeted Income Statement For the Quarter Ending March January February March 1st Quarter Total Budgeted Sales Returns and Allowances Budgeted Cost of Goods Sold Budgeted Gross Profit Budgeted Selling and Administrative Expenses 182,000 53,508 154000 45,276 108,724 95,000 217.000 63,798 153.2021 126,500 128,492 109,000 390,418 Budgeted Net Operating Income S 13,724 $ 19,4927 S 26,702) s 59,918