Question 5 of 6 Waterway Inc. is preparing its annual budgets for the year ending December 31, 2022. Accounting assistant following data: Sales budget Product LN 35 Product LN 40 Expected volume in units 398,000 240,000 Unit selling price $31 $37 Production budget Desired ending finished good units 27,000 19,000 Beginning finished goods units 19,000. 16,000 Direct materials budget: Direct materials per unit (kilograms) 2 3 Desired kilograms of ending direct materials 51,000 17,000 Beginning kilograms of direct materials 39,000 11,000 Cost per kilogram $2 $3 Direct labour budget Direct labour time per unit (hours) 0.50 0.70 Q Search estion 5 of 6 < > - / 24 Prepare the budgeted income statement for the year. (Note: Income taxes are not allocated to the products.) WATERWAY INC. Budgeted Income Statement For the Year Ending December 31, 2022 $ SA LN 35 LN 40 Total Search SA ENG US Prepare the direct labour budget for the year. (Round direct labour hours per unit to 2 decimal places, e.g. 0.15.) WATERWAY INC. Direct Labour Budget For the Year Ending December 31, 2022 $ S Question Part Score Search LN 35 LN 40 Total LA