This case provides information about Lockitt, Inc, manufacturer of Duralock, a specialized, sealant lock for commercial chemical containers to prevent spillage or leaking of liquid chemicals. This case requires you to use the data provided to produce several budgets, culminating in a Budgeted Income Statement. In addition, several modifications and changes in assumptions are introduced, with opportunities to conduct sensitivity analysis. Deliverables include several Excel files, one for each requirement. Written analysis should be provided in an additional tab in the excel files.