The following data were obtained from the financial records of Sonicbrush, Inc., for March:

Sales are expected to increase each month by 15%. Prepare a budgeted income statement.

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Estimated sales Purchases Ending inventory Administrative salaries per month Marketing expense Sales commissions Rent expense per month Depreciation expense per month Utilities per month Taxes *of next month's sales **of sales ***of income before taxes $330,000 $179,431 15%* $ 70,200 $ $ $ 3%** 4%** 8,400 1,200 2,800 15%***