Additional information: 22-44A (strar to) Mint Company has the following post-closing trial balance on December 31, 2018 (Click the icon to view the post-closing trial balance.) The company's accounting department has gathered the following budgeting information for the first quarter of 2019: (Click the icon to view the budget Information) Rent and income tax expense Road the requirements Requirement 1. Prepare a budgeted Income statement for the quarter ended March 31, 2019 Mist Company Budgeted Income Statement Requirements For the Quarter Ended March 31, 2010 1. Prepare a budgeted income statement for the quarter anded March 31, 2019 2. Prepare a budgeted balance sheet as of March 31, 2019. Gross Profit Selling and Administrative Expenses: Print Done Total Selling and Administrative Expenses Operating Income (Loss) Not Income (Los) Rent and income tax expenses are paid as incurred. Insurance expense is an expiration of the prepaid amount Data Table O Data Table $ 122,000 61.500 61.000 Credit Mist Company Pout-Closing Trial Balance December 31, 2018 Account Debit Cash $ 19,000 Accounts Receivable 20.000 Merchandise Inventory 13,500 Prepaid Insurance 1,700 Equipment and Fixtures 45.000 Accumulated Depreciation $ Accounts Payable Salaries and Commissions Payable Common Stock Retained Earnings 99,200 $ Totals Budgeted total sales, all on account Budgeted purchases of merchandise inventory, all on account Budgeted cost of goods sold Budgeted seling and administrative expenses Commissions expense Salaries expense Rent expense Depreciation expense Insurance expense Budgeted cash receipts from customers Budgeted cash payments for merchandise inventory Budgeted cash payments for salaries and commissions Budgeted income tax expense 6.100 6,500 4.800 400 100 127.960 38.350 16.000 26.000 6.125 10,000 41,075 14,838 4,500 99,200 Print Done Print Done