5 Fortune Incorporated 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 budgeted at 153.000 for the first quarter Cost of goods sold is $12 per unit Other expense Information for the first quarter follows 3.33 points 0944 Sales Comision 111 of wales dollars Rent $ 45,000 per quarter Advertising $ 506,000 per quarter office salaries 252,000 per quartet Depreciation $120.000 per quarter Interest 1.250 quarterly on $200,000 note payable Tax rate 400 Prepare a budgeted income statement for the first quarter ended March 31. (Round your intermediate and final answers to the nearest whole dollar) FORTUNE, INCORPORATED Budgeted Income Statement For Quarter Ended March 31 Seting and administrative expenses