- Variable Nonmanufacturing costs are expected to be $0.50 per unit - Fixed Nonmanufacturing costs are expected to be $200,000 per quarter, of which $25,000 is depreciation. - The corporate tax rate is 21% - The firm will take on $2,000,000 in new debt to finance $2,500,000 in capital expenditure. - Current Assets will increase by $250,000 - Current Liabilities will increase by $75,000 - This is the firm's 1/1/24 Balance Sheet: 2. Company A makes and sells widgets, a consumer item which is growing in popularity throughout the developed world. The accounting team for Company A has completed its sales and production budgets, as well as its materials budgets, its labor budget and its manufacturing overhead budget, but the team needs your help to turn their hard work into a cost of goods sold budget, a Selling \& Administrative Expense Budget and a set of Pro Forma Financial Statements so they can really impress the CFO, Widgy Widgetmann. Please assume the following