please help me fill the balance sheet and show me the calculation

Finished Goods Work in Process Materials Prepaid Expenses Plant and Equipment Accumulated Depreciation-Plant and Equipment Accounts Payable Common Stock, $10 par Retained Earnings 69,300 32,5 48,900 2,600 325,000 $156,200 62,000 180,000 290,700 $688,900 $688,900 Factory output and sales for 20Y9 are expected to total 200,000 units of product, which are to be sold at s$5.00 per the inventories at December 31, 20Y9, are expected to remain 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 Variable Fixed (Per Unit Sold) (Total for Year) Cost of goods manufactured and sold: $1.10 Direct materials Direct labor Factory overhead: 0.65 Budgeted Income Statement And Balance Sheet As A P.. Che gage Calculator Print Item y output and sales for 20Y9 are expected to total 200,000 units of product, which are to be sold at $5.00 per unit. The quantities and ca ventories at December 31, 20Y9, are expected to remain unchanged from the balances at the beginning i the year et 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) t of goods manufactured and sold: irect materials $1.10 irect labor Factory overhead: Depreciation of plant and equipment Other factory overhead lling expenses: Sales salaries and commissions Advertising Miscellaneous selling expense dministrative expenses: 0.65 $40,000 12,000 0.40 46,000 64,000 6,000 0.45 0.25 0.12 0.10 0.05 72,400 5,000 4,000 Office and officers salaries Supplies Miscellaneous administrative expense alances of accounts recelvable, prepaid expenses, and accounts payable at the end of the year are not expected to differ significantly from the alances of accounts receivable, prepaid expenses, and accounts payable at the end of the year are not expected to differ significantly from th eginning balances. Federal income tax off $30,000 on 20Y9 taxable income will be paid during 20Y9. Regular quarterly cash dividends of $0.15 hare are expected to be declared and paid in March, June, September, and December on 18,000 shares of common stock outstanding. It is nticipated that fixed assets will be purchased for $75,000 cash in May. Required: 1. Prepare a budgeted income statement for 20Y9. Regina Soap Co. Budgeted Income Statement For the Year Ending December 31, 20Y9 Sales Cost of goods sold: 1 1,000,000 V Direct materials Direct labor Factory overhead 220,000 130,000 V 132,000 482,000 Cost of goods sold 518,000 v Gross profit Operating expenses: Selling expenses: 136,000 64,000 v 56,000 Sales salaries and commissions Advertising Miscellaneous selling expense Previous remaining. Caiculato Print Item Miscellaneous selling expense 56,000 Total selling expenses 256,000 Administrative expenses: Office and officers salaries Supplies Miscellaneous administrative expense Total administrative expenses 96,400 25,000 14,000 135,400 Total operating expenses Income before income tax Income tax expense 391,400 126,600v 30,000 %,600 v Net income Feedbachk Y Check My Work Use information from the expected sales, cost of goods manufactured and sold, and selling and administrative expenses Learning Objective 4, Learning Objective 5 2. Prepare a budgeted balance sheet as of December 31, 20Y9. Regina Soap Co. Budgeted Balance Sheet December 31, 20Y9 Assets Current assets: Cash 85,000 Accounts receivable Inventories: Finished goods Work in process Materials Prepaid expenses Total current assets Property, plant, and equipment: Plant and equipment V Accumulated depreciation Total property, plant, and equipment Plant and equipment V Accumulated depreciation tal property, plant, and equipment tal assets Liabilities urrent liabilities: Accounts payable Stockholders' Equity Common stock-V Retained earnings Total stockholders' equity Total liabilities and stockholders' equity Feedback Check My Work Do not forget to include inventories of finished goods, work in erecens ad m