Question 1 of 4 c 3 Cullumber inc is preparing its annual budgets for the year ending December 31,2022 . Accounting assistants furnish the following An accounting assistant has prepared the detailed manutacturing overhead budgot and the selling and administrative expense budget. The latter shows selling expenses of $716,800 for product J850 and $460,800 for product 3860 , and administrative expenses of $691.200 for product JB 50 and $435,200 for product JB 60 , Interest expense is $150,000 (not allocated to products) income taxes) are expected to be 20% (a) Prepare the sales bodget for the wear. Prepare the sales budget for the year. Question 1 of 4 Prepare the production budget for the year. eTextbook and Media Prepare the direct materials budget for the year. Question 1 of 4 Prepare the direct labor budget for the year. (Round Direct labor time per unit answers to 1 decimal ploce, eg. 52.5. Prepare the budgeted muitiple-step income statement for the wear, (Note income taxes are not allocated to the products)