Gomez Sales Company has prepared the following budgeted information for March 2005:

Required: Prepare a budgeted income statement for March 2005 for Gomez Sales Company.

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Budgeted Sales in Units x Budgeted Sales Price Gomez Sales Company Sales Budget For March 2005 = Budgeted Sales Dollars Budgeted Sales in Units Budgeted Cost per Unit Gomez Sales Company Cost of Goods Sold Budget For March 2005 = Budgeted Cost of Goods Sold 110,000 4.95 $544,500 110,000 $ 3.35 $368,500 Sales Salaries Gomez Sales Company Selling and Administrative Expense Budget For March 2005 Sales Commission Other Salaries and Wages Store Rent Other Expenses Budgeted S&A Expense $ 51,500 11,000 35,000 24,000 10,500 $132,000