Coronado Inc. is preparing its annual budgets for the year ending December 31, 2022. Accounting assistants furnish the data shown below. Product Product JB 50 JB 60 Sales budget: Anticipated volume in units 368,000 184,000 Unit selling price $20 $25 Production budget: Desired ending nished goods units 27,600 13,800 Beginning nished goods units 23,000 9,200 Direct materials budget: Direct materials per unit (pounds) 2 3 Desired ending direct materials pounds 27,600 9,200 Beginning direct materials pounds 36,800 13,800 Cost per pound $3 $4 Direct labor budget: Direct labor time per unit 0.4 0.6 Direct labor rate per hour $12 $12 Budgeted income statement: Total unit cost $13 $20 An accounting assistant has prepared the detailed manufacturing overhead budget and the selling and administrative expense budget. The latter shows selling expenses of $515,200 for product JB 50 and $331,200 for product JB 60, and administrative expenses of $496,800 for product JB 50 and $312,800 for product JB 60. Interest expense is $150,000 (not allocated to products). Income taxes are expected to be 20%. Prepare the sales budget for the year. CORONADO INC. Sales Budget JB 50 JB 60 Total V $ $ $ $ eTextbook and MediaPrepare the production budget for the year. CORONADO INC. Production Budget JB 50 JB 60 V VPrepare the direct materials budget for the year. CORONADO INC. Direct Materials Budget JB 50 JB 60 V V to to $ $ tAPrepare the direct labor budget for the year. (Round Direct labor time per unit answers to 1 decimal place, e.g. 52.5.) CORONADO INC. Direct Labor Budget JB 50 JB 60 Tota V V V $ $ V to $ toPrepare the budegeted multiple-step income statement for the year. (Note: income taxes are not allocated to the products). CORONADO INC. Budgeted Income Statement V JB 50 JB 60 Total $ $ $ $ $ $