I only need help with what is marked as red. Thank you for your help!

Budgeted Income Statement and Supporting Budgets The budget director of Jupiter Helmets Inc., with the assistance of the controller, treasurer, production manager, and sales manager, has gathered the following data for use in developing the budgeted income statement for May: a. Estimated sales for May Bicydle helmet Motorcycle helmet b. Estimated inventories at May 1: Direct materials: 7,500 units at $24 per unit 6,250 units at $185 per unit Finished products: Plastic 1,480 lbs. Bicycle helmet 200 units at $15 per unit Foam lining 520 lbs. Motorcycle helmet 100 units at $90 per unit c. Desired inventories at May 31: Direct materials: Finished products: Plastic 2,000 lbs. Bicycle helmet 400 units at $15 per unit Foam lining 800 lbs. Motorcycle helmet 300 units at $100 per unit d. Direct materials used in production: In manufacture of bicycle helmet: Plastic 0.90 lb. per unit of product Foam lining 0.20 lb, per unit of product In manufacture of motorcycle helmet Plastic 3.50 lbs. per unit of product Foam lining 1.40 lbs. per unit of product e. Anticipated cost of purchases and beginning and ending inventory of direct materials: Plastic Foam lining $0.90 per lb $4.40 per lb j. Estimated tax rate: 25% Jupiter Helmets Inc. Sales Budget For the Month Ending May 31 Unit Sales Volume Unit Selling Price Total Sales 7,500 180,000 1,156,250 | 1,336,250 24 Bicycle helmet Motorcycle helmet Total revenue from sales 6,250 185 Jupiter Helmets Inc. Production Budget For the Month Ending May 31 Bicycle Helmet Units Motorcycle Helmet Units 6,250 300 6,550 100 6,450 V Expected units to be sold 7,500 Plus desired inventory, May 31 400 7,900 200 7,700 Total Less estimated inventory, May 1 Total units to be produced Prepare a direct materials purchases budget for May. Jupiter Helmets Inc. Direct Materials Purchases Budget For the Month Ending May 31 Plastic Foam Lining Total Units required for production 7,500 | X 6,250X 2,000 Bicycle helmet 7,500 X 6,250X Motorcycle helmet Plus desired units of inventory, May 31 Total Less estimated units of inventory, May 1 Total units to be purchased Unit price Total direct materials to be purchased 800 15,750 X 14,550 X 1,480 14,270 X 4.40 14,030 X 0.90 62,788 x 12,627 x 75,415x Jupiter Helmets Inc. Direct Labor Cost Budget For the Month Ending May 31 Molding Department Assembly Department Total Hours required for production: 2,310 | 3,225 5,535 Bicycle helmet 770 Motorcycle helmet 2,580v Total 3,350 Hourly rate 14 Total direct labor cost 83,025 46,900 129,925 V Jupiter Helmets Inc. Factory Overhead Cost Budget For the Month Ending May 31 Indirect factory wages Depreciation of plant and equipment Power and light Insurance and property tax Total 125,000V 45,000 23,000 11,000 204,000 V Prepare a cost of goods sold budget for May. Work in process at the beginning of May is estimated to be $4,200, and work in process at the end of May is desired to be $3,800, Jupiter Helmets Inc. Cost of Goods Sold Budget For the Month Ending May 31 Direct materials: Direct materials purchases Cost of direct materials available for use Less: Direct materials inventory, May 31 Direct labor Factory overhead Total manufacturing costs Total work in process during period Cost of finished goods available for sale Prepare a selling and administrative expenses budget for May. Jupiter Helmets Inc. Selling and Administrative Expenses Budget For the Month Ending May 31 Selling expenses: Total selling expenses Administrative expenses: Total administrative expenses Total operating expenses Prepare a budgeted income statement for May. If required, round your interim calculations to nearest whole value. Jupiter Helmets Inc. Budgeted Income Statement For the Month Ending May 31 Revenue from sales Cost of goods sold Gross profit Operating expenses: Selling expenses Administrative expenses Total operating expenses Income from operations Other income: Interest revenue Other expenses: Interest expense Income before income tax Income tax expense Net income