Please solve this assignment

6:01 PM Sun Jul 12 a: 34%E].

6:00 PM Apple Ch. 22 Sun Jul 12 Bing Google : Homework Yahoo a v2.cengagenow.com Favorites The symbol ...f SparkNotes Critical Essa...-Champaign Estimated Costs and Expenses 85% Favorites Cost of goods manufactured and sold: Direct materials Direct labor Factory overhead: Depreciation of plant and equipment Other factory overhead Selling expenses: Sales salaries and commissions Advertising Miscellaneous selling expense Administrative expenses: Office and officers salaries Supplies Miscellaneous administrative expense Fixed (Total for Year) $28,000 8,700 100,500 84,000 7,300 66,100 3,400 1,800 Variable (Per Unit sold) $28 8.5 5 14 2 7 1 1.5 Balances of accounts receivable, prepaid expenses, and accounts payable at the end of the year are not expected to differ significantly from the beginning balances. Federal income tax of $271,300 on 20Y9 taxable income will be paid during 20Y9. Regular quarterly cash dividends of $1 per share are expected to be declared and paid in March, June, September, and December on 30,000 shares of common stock outstanding. It is anticipated that fixed assets will be purchased for $153,000 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: Direct materials Direct labor Factory overhead Cost of goods sold Gross profit Check My Work 4 more Check My Work uses remaining. Assignment Score: 56.49% 8.5 All work saved. 3,080 x x Save and Exit Previous Submit Assignment for Grading