the cost to initiate a production run is $ 30. There are no flag displays on hand but Liberty had scheduled 60 equal production runs of the display sets for the coming year, the first of which is to be run immediately. Liberty Celebrations has 250 business days per year. Assume that sales occur uniformly throughout the year and that production is instantaneous. If Liberty Celebrations does not maintain a safety stock, the estimated total carrying cost for the flag displays for the coming year is the estimated total setup cost for the flag displays for the coming year is( Points: 5) Essay 1.( TCO 2) Russell Company has the following projected account balances for June 30, 20X9:. Prepare a budgeted income statement AND a budgeted balance sheet as of June 30, 20X9.( Points: 25) Russell. Company. has. the. following. projected. account. balances. for. Ju ne. 30,. 20X5: Accounts payable $ 40,000 Sales $ 800,000 Accounts receivable $ 100,000 Capital stock $ 400,000 Depreciation, factory $ 24,000 Retained earnings? Inventories( 5 / 31 & 6 / 30) $ 180,000 Cash $ 56,000 Direct materials used $ 200,000 Equipment, net $ 240,000 Office salaries $ 80,000 Buildings, net $ 400,000 Insurance, factory $ 4,000 Utilities, factory $ 16,000 Plant wages $ 140,000 Selling expenses $ 60,000 Bonds payable $ 160,000 Maintenance, factory $ 28,000 Required a) Prepare. a. budgeted. income. statement. for. June. 20X5. b) Prepare. a. budgeted. balance. sheet. as. of. June. 30,. 20X5.( Points: 25) Balance Sheet 2.( TCO 5) Steven ' s Medical Equipment Company manufactures hospital beds. Its most popular model, Deluxe, sells for $ 5,000. It has variable costs totaling $ 2,800 and fixed costs of $ 1,000 per unit, based on an average production run of 5,000 units. It normally has four production runs a year, with $ 600,000 in setup costs each time. Plant capacity can handle up to six runs a year for a total of 30,000 beds. A competitor is introducing a new hospital bed similar to Deluxe that will ……..?( Points: 25) 3.( TCO 7) Dulce Greeting Cards Incorporated is starting a new business venture and is in the process of evaluating its product lines. Information for one new product, traditional parchment grade cards, is as follows: ∙ For 16 times each year, a new card design will be put