b$.$ Using data generated in requirement $($a$),$ prepare a budgeted income statement for the calendar quarter. Assume an overall effective income tax rate of $30\%.$

Round answers to the nearest whole number.

Do not use negative signs with your answers.

$\backslash$table$[[\backslash$table$[[$Clinton Corporation$],[$Budgeted Income Statement$],[$For the Quarter Ended March $31]]],[$Sales$,,,$$$962,000vv,],[$Cost of Goods Sold:,,,,$],[$Beginning Inventory $-$ Finished Goods,,$0vv,,],[$Material:$,,4,,],[$Beginning Inventory $-$ Material,$0vv,,],[$Material Purchases,$663,000vv,,,],[$Material Available,$663,000vv,1,,],[$Ending Inventory $-$ Material,$71,700vv,,,],[$Direct Material,$591,300vv,,,],[$Direct Labor,$202,500vv,,,],[$Manufacturing Overhead,$108,450vv,,,],[$Total Manufacturing Cost,,$902,250vv,,],[$Cost of Goods Available for Sale,,$902,250vv,,],[$Ending Inventory $-$ Finished Goods,,$x,,],[$Cost of Goods Sold,,,$x,x$