183 Feathered Friends Inc. 184 Budgeted Income Statement 185 For The Month Ending December 31 186 Revenue from sales 187 Cost of goods sold 188 Gross prot 189 Operating expeses: I90 Selling expenses 191 Administrative expenses 192 I Total operating expenses 193 194 Income from operations 195 Other revenue and expenses: 196 Interest revenue 197 Interest expense 198 Income before income tax 199 Income tax expense (30% rate) 200 Net income 201