Please note both requirements. Thank you!!!

Shape Company has the folowing poviclosing tral balance on December 31,2024 (Clck the ioon to vew the poeticlening trat belance.) The conguay's acebunting depstmont has guthered the following budgeling nlonestion for the first quater al 200 . Adiditiond infomation a Direct malerials purchases are paid 56k in the quater guchased and 50% in the noxd quarker b. Direct inbeg, manufachirng evertend, seling and adminsfrative costs, and inceme tax exponse ase pad in the quarter incured c. Accounts payoble at Decomber 31, 2a24 ace pod nn the first quarter of 2023 Fead the regirements Requirement 1. Prepare Shame Companys budpoted income stalcenem to the trrt quarier of 7005 Data table Data table Requirements 1. Prepare Sharpe Company's budgeted income statement for the first quarter of 2025. 2. Prepare Sharpe Company's budgeted balance sheet as of March 31, 2025