preparing a Budgeted Income Statement? thank you

Bonita Compary is preparing its budgeted income statement for 2025. Relevant data pertaining to its sales, production, and direct materials budgets ane as follows. Sales. Sales for the year are expected to total 1.160,000 units. Quarterly sales are 21\%, 27\%, 27\%, and 25\%, respectively. The unit selling price is expected to be $42 for the first three quarters and $44 besinning in the fourth quarter. Sales in the first quarter of 2026 are expected to be 10% higher than the budgeted sales for the first quarter of 2025 . Production. Management desires to maintain the ending finished goods imventories at 20% of the next quarter's budgeted sales volume. Direct materials. Each unit requires 2 pounds of raw materials at a cost of 511 per pound. Management desires to maintain raw materials inventories at 10% of the next quarter's production requirements. Assume the production requirements for first quarter of 2026 are 522,000 pounds. In addition, Bonita budsets 0.4 hours of direct labor per unit, labor costs at $12 per hour, and manufacturing overhead at $18 per direct labor hour. Its budgeted selling and administrative experses for 2025 are $6,960,000. (a) (b) Prepare the budgeted multiple-step income statement for 2025. (Ignore income taxes.)