Copas Company has prepared the following budgeted information for December 2005:

Required: Prepare a budgeted income statement for December 2005 for Copas Company.

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Budgeted Sales in Units Budgeted Sales Price Copas Company Sales Budget For December 2005 10,000 $ 12.00 = Budgeted Sales Dollars Budgeted Sales in Units Budgeted Cost per Unit Copas Company Cost of Goods Sold Budget For December 2005 = Budgeted Cost of Goods Sold $120,000 10,000 $ 800 $ 80,000 Copas Company Selling and Administrative Expense Budget For December 2005 Sales Salaries Sales Commission Store Rent Other Expenses Budgeted S&A Expense $ 18,500 3,000 9,000 1,500 $ 32,000