XYZ Company is preparing its budget for the upcoming fiscal year. Based on historical data and market trends, the company estimates the following:

• Expected Sales Revenue: $1,500,000
• Cost of Goods Sold: 60% of Sales Revenue
• Operating Expenses: $300,000
• Interest Expense: $20,000
• Tax Rate: 25% of Net Income

• Using the provided information, prepare the operating budget, including sales budget, production budget, direct materials budget, and cash budget.