2%ngatr 3 and byntor 3% naarter 4 Manageretepects eost ef goods sold to be 55% ofre vues every quarter, whie opening e pe ses sh uld be 30% of-enes ding wo win 25% of men es dirg ih te hd quarter, and 35% rng he furth quarter Preparo budgeted none statement for each ofthe four quarters and for the ortho year Prepare the first portion of the budgeted income statement through gross proft, then complete the statement (Round the amounts to the nearest whole dollar) Budgeted Income Statement For the Upceming Year Quarter 1Quarter 2 Quarter 3Quarter 4 Year S 2.085.000 S 4,156.950 $ 4,240.089 4,367,292 16,640,331 Sales Less Cost of goods sol Gross prof Less Operating espensers 748 250 1,870827 1,908 040 1,965 281749.10