Sunland Inc. is preparing its annual budgets for the year ending December 31, 2022. Accounting assistants have provided the following data: Product LN 35 Product LN 40 Sales budget Expected volume in units 396,000 241,000 Unit selling price $31 $33 Production budget Desired ending finished good units 30,000 18,000 Beginning finished goods units 18,000 13,000 Direct materials budget: Direct materials per unit (kilograms) 2 3 Desired kilograms of ending direct materials 52,000 14,000 Beginning kilograms of direct materials 42,000 9,000 Cost per kilogram $2 $3 Direct labour budget Direct labour time per unit (hours) 0.50 0.70 Direct labour rate per hour $13 $13 Budgeted income statement Total unit cost $12 $21 An accounting assistant has prepared the detailed manufacturing overhead budget and the selling and administrative expenses budget. The latter shows selling expenses of $851,000 for product LN 35 and $390,000 for product LN 40, and administrative expenses of $517,000 for product LN 35 and $181,000 for product LN 40. Income taxes are expected to be 30%. Prepare the sales budget for the year. SUNLAND INC. Sales Budget For the Year Ending December 31, 2022 LN 35 LN 40 Total Expected sales in units Unit selling price $ $ Total sales $ $ $ $ Prepare the direct materials budget for the year. SUNLAND INC. Direct Materials Budget For the Year Ending December 31, 2022 LN 35 LN 40 Total $ $ $ $ Prepare the budgeted income statement for the year. (Note: Income taxes are not allocated to the products.) SUNLAND INC. Budgeted Income Statement For the Year Ending December 31, 2022 LN 35 LN 40 Total $ $ $ $ $ $ Prepare the direct labour budget for the year. (Round direct labour hours per unit to 2 decimal places, e.g. 0.15.) SUNLAND INC. Direct Labour Budget For the Year Ending December 31, 2022 LN 35 LN 40 Total > > $ $ $ ta ta Prepare the production budget for the year. SUNLAND INC. Production Budget For the Year Ending December 31, 2022 LN 35 LN 40 TC V: V