Suppose you have a small local store in your area where you manufacture goods and sell it to your customers all through the year. Select a particular product for your store (e.g tea/coffee/burger/cakes etc.) and prepare the Master Budget* for the store for the next financial year, i.e., 2022. Prepare a forecasted Income statement and Balance sheet for the year 2022 from your master budget. Also, include a small description of your business and manufacturing process in the beginning of the report. *The master budget should include Sales budget (price, quantity, and expected cash collection schedule), production budget, Direct Material budget (including expected cash disbursement schedule), Direct Labor budget, MOH budget, Selling and Admin budget, and Cash budget.