The finance team of an automobile company is drafting budget for succeeding year. Arrange the steps in preparing a budget. team computes annual expenses such as electricity bills, wages and taxes. all departments submit yearly estimated expenses. team prioritizes purchase of new machinery for improved production. team dedicates some funds for emergency. submits report of estimated income and expense data. estimates fund needed for yearly bonus and employee training. ↓ ↓ ↓ ↓ ↓