Sheridan Inc. is preparing its annual budgets for the year ending December 31,2022 . Accounting assistants furnish the data shown below. An accounting assistant has prepared the detailed manufacturing overhead budget and the selling and administrative expense budget. The latter shows selling expenses of $638,400 for product JB 50 and $410,400 for product JB 60 , and administrative expenses of $615,600 for product JB 50 and $387,600 for product JB 60 . Interest expense is $150,000 (not allocated to products). Income taxes Prepare the sales budget for the year. Prepare the production budget for the year