Sound Beginnings manufactures hearing aid devices. For January, Sound Beginnings expects to sell 600 hearing aid devices at an average price of $2,300 per unit. Sound Beginnings’ average manufacturing cost of each unit sold is $1,400. Variable operating expenses for Sound Beginnings will be $1.50 per unit sold and fixed operating expenses are expected to be $7,500 for the month. Monthly interest expense is $3,700. Sound Beginnings has a tax rate of 30% of income before taxes. Prepare Sound Beginnings’ budgeted income statement for January.