Preparation of Individual Budgets operating expenses: the following operating factors: Do not use negative signs with any of your answers below. the following operating factors: Do not use negative signs with any of your answers below. 1. Total sales 2. Production units 3. Material purchases cost 4. Direct labor costs $ 5. Manufacturing overhead costs 6. Selling and administrative expenses b. Using data generated in requirement (a), prepare a budgeted income statement for the calendar quarter. Assume an overall effective income tax rate of 35%. Round answers to the nearest whole number. Do not use negative signs with your answers