$3.$ Direct Materials Purchases Budget $($in thousands, except for per unit$/$hour data$)$ If required, round answers to one decimal place. Optima Company Direct Materials Purchases Budget For the Year Ending December $31,20$X$1$ Qtr$.1$ Qtr$.3$ Qtr$.4$ Total Qtr$.2$ Production $78728080310$ Materials$/$unit $33333$ Production needs $234216240240930$ Desired ending inventory $6367\mathrm{.}58165\mathrm{.}765\mathrm{.}7$ Total needs $297283\mathrm{.}5321305\mathrm{.}7995\mathrm{.}7$ Less: Beginning inventory $65\mathrm{.}76367\mathrm{.}58165\mathrm{.}7$ Purchases $231\mathrm{.}3220\mathrm{.}5253\mathrm{.}5224\mathrm{.}7930$ X Cost per unit $80<80808080$ Purchase cost $18,50417,64020,28017,97674,400$

$8.$ Cost of goods sold budget $($Note: Assume that there is no change in work$-$in$-$process inventories.$)$ Enter amounts in full, not in thousands. If an amount is zero, enter $"$O$".$ Optima Company Cost of Goods Sold Budget For the Year Ending December $31,20$X$1$ Direct materials used $74,400,000$ X Direct labor used $15,500,000$ Overhead $13,300,000$ Budgeted manufacturing costs $103,200,000$ Add: Beginning finished goods inventory $$ Cost of goods available for sale $ $103,200,000$ X Less: Ending finished goods inventory $3,329,000$ Budgeted cost of goods sold

$10.$ Pro forma income statement $($using absorption costing$).$ Enter amounts in full, not in thousands.$($Note: Ignore income taxes.$)$ Optima Company Pro Forma Income Statement For the Year Ending December $31,20$X$1$ Sales $ $120,000,000$ Less: Cost of goods sold Gross margin Less: Selling and administrative expenses $4,000,000$ Income before taxes

$11.$ Pro forma balance sheet. Enter amounts in full, not in thousands. List all assets and liabilities in order of liquidity. $($Note: Ignore income taxes.$)$ Optima Company Pro Forma Balance Sheet December $31,20$X$1$ Assets Cash $11,090,000$ Accounts receivable $5,400,000$ Direct materials inventory $5,256,000$ Finished goods inventory $3,329,000$ Plant and equipment $33,900,000$ Total assets $58,975,000$ Liabilities and stockholders' equity Accounts payable $8,988,000$ Capital stock $27,000,000$ Retained earnings Total liabilities and stockholders' equity