Deleon Inc. is preparing its annual budgets for the year ending December 31, 2017. Accounting assistants furnish the data shown below.

		Product JB 50		Product JB 60
Sales budget:
Anticipated volume in units		403,400		203,700
Unit selling price		$22		$27
Production budget:
Desired ending finished goods units		29,900		17,700
Beginning finished goods units		34,700		12,000
Direct materials budget:
Direct materials per unit (pounds)		1		2
Desired ending direct materials pounds		32,800		16,600
Beginning direct materials pounds		43,800		13,300
Cost per pound		$3		$3
Direct labor budget:
Direct labor time per unit		0.4		0.6
Direct labor rate per hour		$10		$10
Budgeted income statement:
Total unit cost		$13		$21

An accounting assistant has prepared the detailed manufacturing overhead budget and the selling and administrative expense budget. The latter shows selling expenses of $662,000 for product JB 50 and $364,000 for product JB 60, and administrative expenses of $544,000 for product JB 50 and $343,000 for product JB 60. Interest expense is $150,000 (not allocated to products). Income taxes are expected to be 30%.

Prepare the sales budget for the year. Prepare the production budget for the year. Prepare the direct materials budget for the year. Prepare the direct labor budget for the year. (Round Direct labor time per unit answers to 1 decimal place, e.g. 52.5.) Prepare the budegeted multiple-step income statement for the year. (Note: income taxes are not allocated to the products).