There is a similar question on Chegg but the answer given was not correct, especially for the income statement. If you could help me out with the wrong answers that would be fantastic :)

Cullumber Farm Supply Company manufactures and sells a pesticide called 5nare. The following data are available for preparine budeets for 5 nare for the first 2 quarters of 2022 . 1. Sales: quarter 1,29,400 bags; quarter 2,42,400 bags. Selline price is $63 per bag. 2. Direct materials: each bag of 5 nare requires 4 pounds of Gumm at a cost of $4 per pound and 6 pounds of Tarr at $1.5 per pound. 3. Desired imentory levels: 4. Direct labor: direct labor time is 15 minutes per bae at an hourly rate of $16 per hour. 5. Selling and administrative expenses are expected to be 15% of sales plus $176,000 per quarter. 6. Interest expense is $100,000. 7. Income taxes are expected to be 20% of income before income taoes. Your assistant has prepared two budgets: (1) the manufacturing overhead budget shows expected costs to be 125% of direct labor cost, and (2) the direct materials budget for Tarr shows the cost of Tarr purchases to be $29B,000 in quarter 1 and $423,500 in quarter 2. Prepare the sales budget. Prepare the production budget. Your answer is partially correct. Prepare the direct materials budget. (Round Cost per pound answers to 2 decimal ploces, eg. 52.70) Prepare the direct labor budget. (Enter Direct lobor time per unit in proportion to hours, eg. for 45 minutes the proportion will be 0.75 ) CULLUMBER FARM SUPPLY COMPANY Direct Labor Budget Quarter \begin{tabular}{llll} \hline 1 & & \\ \hline & & \\ \hline 5 & & \\ \hline 5 & & & \\ \hline & & & \\ \hline \end{tabular} Prepare the selling and administrative expense budget. Prepare the budeted multiple-step income statement for the first 6 months. (Round intermediate calculations to 2 decimol places and final answer to 0 decimal places, es. 1,255.J