Problem I$$Prepare a master budget for McGregor Pharmacy Company for the year ending December $31,2021$using$$the following information.$$Prepare it per quarter.$$Use the tables provided by the professor. Fill it$.$Prepare the$$Sales Budget$$assuming:$$Prepare the$$Production Budget$$assuming:$$Prepare the Direct Material$$Budget$$assuming:$$Prepare the$$Direct Labor Budget$$assuming:$$Prepare the$$Manufacturing Overhead Budget$$assuming:$$Prepare the$$Selling and Administrative Budget$$assuming:$$per quarter.$$Prepare the Budgeted Income Statement with the information above$$and the following information:$$Prepare the$$Cash Budget$$assuming:$$Problem I$$Prepare a master budget for McGregor Pharmacy Company for the year ending December $31,2021$using$$the following information.$$Prepare it per quarter.$$Use the tables provided by the professor. Fill it$.$Prepare the$$Sales Budget$$assuming:$$Prepare the$$Production Budget$$assuming:$$Prepare the Direct Material$$Budget$$assuming:$$Prepare the$$Direct Labor Budget$$assuming:$$Prepare the$$Manufacturing Overhead Budget$$assuming:$$Prepare the$$Selling and Administrative Budget$$assuming:$$per quarter.$$Prepare the Budgeted Income Statement with the information above$$and the following information:$$Prepare the$$Cash Budget$$assuming:$$