2) McGraw-Hill Connect X Question 8 - Ch 20 Graded Home X + C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&la... G Q X R YouTube Chrome Maps M Gmail (()) Dashboard (2 Institution Page Opu MyOdu | Main view Settings - Passwords Ch 20 Graded Homework i Saved' Help Save & Exit Submit Check my work 8 Prepare a budgeted income statement for this first quarter. (Round your final answers to the nearest whole dollar.) 2.5 points FORTUNE, INC. Budgeted Income Statement For Quarter Ended March 31 eBook Hint Print Operating expenses Mc Graw Hill 6:38 24 a $ 9 X 3/17/ 54OF Q Search Cloudy2 McGraw-Hill Connect X Question 8 - Ch 20 Graded Home X + V X C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&la... R YouTube Chrome Maps M Gmail () Dashboard Institution Page ODU MyOdu | Main view Settings - Passwords Ch 20 Graded Homework i Saved Help Save & Exit Submit Check my work 8 Fortune, Inc., is preparing its master budget for the first quarter. The company sells a single product at a price of $25 per unit. Sales (in units) are forecasted at 36,000 for January, 56,000 for February, and 46,000 for March. Cost of goods sold is $12 per unit. Other expense information for the first quarter follows. 2.5 points Commissions 10% of sales dollars Rent $ 23, 000 per month Advertising 12% of sales dollars eBook Office salaries $ 75, 000 per month Depreciation $ 53, 000 per month Hint Interest 13% annually on a $240,000 note payable Tax rate 40% Print Mc 8 of 9 Next > Graw