Please show work in detail, thank you in advance.

Ceder Company has compiled the following data for the upcoming year: Sales are expected to be 14,500 units at $61.00 each . Each unit requires 4 pounds of direct materials at $2.10 per pound. Each unit requires 1.8 hours of direct labor at $19.00 per hour. Manufacturing overhead is $4.60 per unit. Beginning raw materials inventory is $5,100.00 Ending raw materials inventory is $6,500.00. Selling and administrative costs totaled $138,270. Required: 1. Determine Ceder's budgeted cost of goods sold. (Do not round the intermediate values.) Budgeted Cost of Goods Solo 2. Complete Ceder's budgeted income statement. (Do not round the intermediate values.) CEDER CORP Budgeted Income Statement Budgeted Sales Revenue $ 884,500 Budgeted Cost of Goods Sold Budgeted Gross Margin Budgeted Selling and Administrative Expenses 138,270 Budgeted Net Operating Income