Excel Case - Master Budget for: Wayne Corporation Enter your name: Enter your WSU Access ID: The facts for this problem are presented on the Facts tab of this workbook. Instructions Your solutions should be clearly labeled on the Solutions tab of this workbook. For the first quarter of 2022, do the following. (a) Prepare a sales budget. This is similar to Illustration 22-3 in your textbook (b) Prepare a production budget. This is similar to Illustration 22-5 in your textbook (c) Prepare a direct materials budget. (Round to nearest dollar) This is similar to Illustration 22-9 in your textbook (d) Prepare a direct labor budget. (For calculations, round to the nearest hour.) This is similar to Illustration 22-11 in your textbook (e) Prepare a manufacturing overhead budget. (Round intermediate amounts to the nearest dollar.) This is similar to Illustration 22-12 in your textbook (f) Prepare a selling and administrative budget. This is similar to Illustration 22-11 in your textbook (g) Prepare a budgeted income statement. (Round intermediate calculations to the nearest dollar.) This is similar to Illustration 22-15 in your textbook (h) Prepare a cash budget. This is similar to Ilhotration 22-19 in your textbook You will need to prepare schedules for expected collections from customers and expected payments to vendors first. See Illustrations 22-17 and 22-18 in your textbook for guidance. You will also need to prepare schedules to support your calculation of amounts borrowed, interest expense, and loan repayments. These should be well labeled and formatted so that I may follow your work. Rules: Points are lost for not following these rules. Use Excel's functionality to your benefit. Use formulas. Use proper formats for schedules, following the referenced textbook examples (including titles). Use correct number formats (5. %, general) and underscoring where appropriate. *Double-check your work! Verify your formalas and logic! Grading Guidelines: Effective Use of Excel Facts, Logic Completeness Spelling. Punctuation, Cell Value Format, Statement Format Percent Points 50% 37.5 10% 7.5 25% 18.75 15% 11.25 Caution: Students found to have copied work from or shared work with a peer will receive a zero for this assignment and be referred to the Dean of Students for Academic Discipline