Sheffield Company has accumulated the following budget data for the year 2017 1. Sales: 31,160 units, unit selling price 188 2. Cost of one unit of finished goods: direct materials 1 pound a 5 per pound, direct labor 3 hours at $13 per hour and manufacturing overhead 57 per direct labor hour 3. Inventores (raw materials only): beginning, 10.190 pounds, anding, 15.240 pounds 4. Selling and administrative expenses: $170,000Interest expense: $30,000 5. Income taxes: 30% of income before income taxes Prepare a schedule showing the computation of cost of goods sold for 2017 SHEFFIELD COMPANY Computation of Cost of Goods Sold Cost of one unit of finished goods Direct materials Direct labor Manufacturing overhead Cost of Goods Sold Prepare a budgeted multiples e come statement for 2017, SHEFFIELD COMPANY Budgeted Income Statement