Select the steps in preparing an operating budget in the proper order. 1. 2. 3. Prepare the budgeted income statement 4. Prepare the cost of goods sold budget Prepare the direct manufacturing labor budget 5. Prepare the direct material usage budget and direct material purchases budget 6. Prepare the ending inventories budget 7. Prepare the manufacturing overhead budget 8. Prepare the nonmanufacturing costs budget 9. Prepare the production budget (in units) Prepare the revenues budget