Prepare the Budgeted Balance Sheet with the information above and the following information: 1. Pertinent data at December 31, 2020 are as follows: a. Building and equipment, $250,000 b. Accumulated depreciation $120,000 C. Common stocks 5201,000 d. Retained earnings $230,997.48 2. The accounts that should be in the statements are: a Cash b. Account receivable C. Finished goods inventory d. Raw material inventory e Accounts payable f. The accounts mentioned in part 1 of this section. Prepare the Man Overhead Budert Problemi Prepare a master budget for McGregor Pharmacy Company for the year ending December 11. 2021 using the following information. Prepare i per quartier. Use the tables provided by the professor Filt. 1 The words are 42.000 per 2. The indirect me peded to be $115 perdere 3. Decio expected to be 56.500er 4 Overvant expecte 51.75 per bor hour 5 Property and incepe sa SL100 per debet expected to be Superdorur Menance is expected to be 535 per direct behou Prepare the engine Prepare the sales Briget assuming Expected sales volume: 8,000 units for the first quarter, an increase of 20% is expected for the second quarter, a decrease of 10% for the third quarter, and an increase of 25% for the fourth quarter 2. The sales price should be 575.00 for the first two quarters and 582 so for the last two quarters 1. Advertisemented to be of 2,500 per 2 hout expected to be $10 pertsold 3. Soon is expeded to be 53 45 per 4. Orice sales expected to be 55,200 per 5. Depreciation is expected to be $1,50 per 6. Other variable costs are expected to be 5.25 7. Sales sales repected to be $1,000 per Quarter & Property taxes and murdered to be 5750 W 9 Miscellaneous expense is expected to be $15 perdre hours per quarter epare the Production Budget assuming 1. The company believes it can meet future sales needs with an ending inventory of 25% of the next quarter, for the first two quarters, and 35 of the next quarter, for the last two quarters 2. The expected sales in units for the first quarter of 2022 is 11.000 epare the Direct Material Budget assuming Prepare the budgeted Income Statement with the formation above and the owne information 1 Manufacturing overhead required perretis 25 2 Interest Expenses $12.000 3. Income tax rate is 15 1 Ending inventory of raw material is expected to be 15% of total pounds needed for production of the next quarter for the first two quarters and 20% of the next quarter for the last two quarters 2. The expected pounds needed for production in the first quarter of 2022 is 38,500 3. Each product requires 3 pounds of raw material 4 The expected cost per pound is 58.25