The Gilder Tire Company manufactures racing tires for bicycles. Gilder sells tires for $75 each.

Gilder is planning for the next year by developing a master budget by quarters.

Prepare Gilder\'s operating budget and cash budget for 2025 by quarter. Required schedules and budgets include: sales budget, production budget, direct materials budget, direct labor budget, manufacturing overhead budget, cost of goods sold budget, selling and administrative expense budget, schedule of cash receipts, schedule of cash payments, and cash budget. Manufacturing overhead costs are allocated based on direct labor hours. Round all calculations to the nearest dollar.
Prepare Gilder\'s annual financial budget for 2025, including budgeted income statement and budgeted balance sheet.

Please provide details and equations. If possible, include a table to futher explain.