PLEASE HELP FIND THE PRODUCTION BUDGET.

The Gessing Tire Company manufactures racing tires for Other data for Gessing Tire Company: bicycles. Gessing sells tires for $80 each. Gessing is (Click the icon to view the other data.) planning for the next year by developing a master budget by quarters. Gessing's balance sheet for December 31 . Read the requirements. 2024, follows: (Click the icon to view the balance sheet.) Requirement 1. Prepare Gessing's operating budget and gash budget for 2025 by quarter. Required schedules and budgets include: sales budget, production budget, direct materials budget, direct labor budget, manufacturing overhead budget, cost of goods sold budget, selling and administrative expense budget, schedule of cash receipts, schedule of cash payments, and cash budget. Manufacturing overhead costs are allocated based on direct labor hours. Round all calculations to the nearest dollar. The Gessing Tire Company manufactures racing tires for Sales Budget The Gessing Tire Company manufactures racing tires for Data table Data table f 100 Data table More info (Unless otherwise noted, assume all of the following events occurred during 2024 and that any balances given are stated as of December 31, 2024.) a. Budgeted sales are 2,000 tires for the first quarter and expected to increase by 50 tires per quarter. Cash sales are expected to be 40% of total sales, with the remaining 60% of sales on account. b. Finished Goods Inventory on December 31, 2024 consists of 600 tires at $25 each. c. Desired ending Finished Goods Inventory is 40% of the next quarter's sales; first quatier sales for 2026 are expected be 2,200 tires. FIFO inventory costing method is used. d. Raw Materials Inventory on December 31, 2024, consists of 1,200 pounds of rubber compound used to manufacture the tires. e. Direct materials requirements are two pounds of a rubber compound per tire. The cost of the