Instructions 1. Use the given information to create a Given Data Worksheet In the provided M aster Budget Excel file. 2. For the first quarter of 2024 prepare the following budgets or schedules using the appropriate supplied worksheet Prepare a sales budget. a. b. Prepare a schedule of cash collections from customers (round totals to nearest dollar). c. Prepare a production budget. d. Prepare a direct rn aterials budget (round to nearest dollar). Prepare a schedule of cash disbursement for inventory purchases. (round totals to nearest dollar). Prepare a direct labor budget (For calculations, round to the nearest hour.) g. Prepare a manufacturing overhead budget. (round amounts to the nearest dollar. h. Prepare a selling and administrative budget. i. Prepare a cash budget. 1. Prepare a budgeted Income statement. k. Prepare a budgeted balance sheet. 3. Each worksheet should only contain cell references or formulas for ANY number except ZERO ES. Students are allowed to manually Input zeroes (0)5 and time for interest. 4. Where appropriate, schedules or budgets should reference the budget or schedule that "feeds" the information to it. For example, the Production Budget should get the Required Sales Units from the Sales Budget Instead of getting it from the Given Data Worksheet. 5. You need to round your calculations of raw materials per unit, direct labor per unit and manufacturing overhead per unIt to two (2) decimal places . (hint :your total product cost per unIt equals $3.96) 6 . Check Figures - Ending Cash as of 3/31/2024 -$1,455,744 - Ending Raw Materials as of 3/31 /2024 - $9,469 (rounded to 0 decimal places ) - Net Income - $1,915,802 - TotalAssets as of 3/31/2024 -$3,365,613 Brooks Corporation is preparing its budget for the coming year, 2024. The first step is to plan for the first quarter of that coming year. Brooks gathered the following information from the managers: Unit sales for November (2023): 112500 Unit sales for December (2023): Expected unit sales for January (2024 ): 113,000 Expected unit sales for February (2024 ): 112,500