12 Question 3 of 6 View Policies Current Attempt in Progress In September 2022, the budget committee of Ayayai Company assembles the following data: 1 Expected Sales October $1,800,000 November 1,650,000 2. December 1,500,000 Cost of goods sold is expected to be 60% of sales. Desired ending merchandise inventory is 20% of the next month's cost of goods sold. The beginning inventory at October 1 will be the desired amount 3. . 4. Prepare the budgeted income statement for October through gross profit on sales, including a cost of goods sold schedule. AYAYAICOMPANY Budgeted Income Statement AYAYAICOMPANY Budgeted Income Statement $