Just need to know how to get the values for the budgeted income statement

Problem 23-1A (Part Level Submission) Glendo Farm Supply Company manufactures and sells a pesticide called Snare. The following data are available for preparing budgets for Snare for the first 2 quarters of 2014 1. Sales: Quarter 1, 29,100 bags; quarter 2, 43,000 bags. Selling price is $61 per bag 2. Direct materials: Each bag of Snare requires 4 pounds of Gumm at a cost of $4 per pound and 8 pounds of Tarr at $1.50 per pound 3. Desired inventory levels: e of Inventor January 1 July 1 Snare (bags) Gumm (pounds) Tarr (pounds) 8,200 9,400 14,300 12,400 10,500 20,200 18,400 13,500 25,300 4. Direct labor: Direct labor time is 15 minutes per bag at an hourly rate of $14 per hour 5. Selling and administrative expenses are expected to be 15% of sales plus $178,000 per quarter 6. Income taxes are expected to be 30% of income from operations Your assistant has prepared two budgets: (1) The manufacturing overhead budget shows expected costs to be 150% of direct labor cost. (2) The direct materials budget for Tarr shows the cost of Tarr purchases to be $302,000 in quarter 1 and $425,000 in quarter 2