Preparing an Operating Budget Hardin Fabrications is preparing its master budget for the third quarter. Average sales price of merchandise $220 Capacity for the year 25,000 Vof next nonth's sales in production ending inventory \% of next month's production in materials ending inventory as Units on hand July 1 \begin{tabular}{rr} Steel ingots on hand July & 500 \\ \hline \end{tabular} Required: Create the Operating Budget and Budgeted Income Statement for the third quarter Note: Do not use the ROUNDO function. 1. Use the Open Excel in New Tab button to launch this question. 2. When finished in Excel, use the Save and Return to Assignment button in the lower right to retum to Connect