quarterly sales budget, a cash receipts budget, a production budget (in units), a direct materials purchases budget, a cash disbursements for purchases budget, a direct labor budget, an overhead budget, and a cash budget. In addition, prepare an ending finished goods inventory budget, and an income statement for the year. Please label each schedule. Your quarterly budgets will have 4 quarters and a total column. I have provided a template. Cash 22,000 $ Accounts Receivable 9,000 Inventory Raw Materials 326 FG Inventory 3,870 Land 8,000 Buildings and Equip 70,000 Accum Depr (29,200) Total Assets 83,996 $ Accounts Payable 2,580 $ Capital Stock 17,500 RE 63,916 Total Liab and Stockholders 83,996 $ You have gathered the following information about expected activity:

2. ABC plans to stock ending inventory of finished goods to equal 30% of the next quarter's sales. Finished Goods inventory at 1/1/2022 is 215 statues at a cost of $18 per unit. ABC uses FIFO to account for finished goods inventory.