Required: 1. Prepare Photo Artistry Company's master budget for 2014 by completing the following schedules: - Schedule 1 Sales budget with a schedule of expected cash collections - Schedule 2 Production budget - Schedule 3 Direct materials budget with a schedule of cash disbursements for materials - Schedule 4 Direct labor budget - Schedule 5 Manufacturing overhead budget - Schedule 6 Ending finished goods inventory budget - Schedule 7 Selling and administrative expenses budget - Schedule 8 Cash budget - Schedule 9 Budgeted Income Statement - Schedule 10 Budgeted Balance Sheet