2-a. Prepare a budgeted income statement for each of the first three months of 2016. Use variable costing approach. GARNEAU MANUFACTURING LTD. Budgeted Income Statement For January, February and March 2016 January February March Less variable expenses: Total variable expenses O O C 0 0 0 Less fixed expenses: Total fixed expenses 0 0 0 0 0 0 $ O $ 0 $