$10.$ Prepare Frame$-$It's budgeted balance sheet as of December $31,\backslash (20\backslash$times $1\backslash ).$ Answer is not complete. $6.$ Indirect materials are purchased as needed and paid for in cash. Work$-$in$-$process inventory is negligible.

$7.$ Projected production costs in $\backslash (20\backslash$times $1\backslash )$ are as follows:

$8.$ The predetermined overhead rate is $\backslash (\backslash$$ $10\backslash )$ per direct$-$labor hour. The following production overhead costs are budgeted for $\backslash (20\backslash$times $1\backslash ).$

All of these costs will be paid in cash during the quarter incurred except for the depreciation charges.

$9.$ Frame$-$It's quarterly selling and administrative expenses are $\backslash (\backslash$$ $100,000\backslash ),$ paid in cash.

$10.$ Jackson anticipates that dividends of $\backslash (\backslash$$ $50,000\backslash )$ will be declared and paid in cash each quarter.

$11.$ Frame$-$It's projected balance sheet as of December $31,20$x$0,$ follows: