be amyone manutactures a specialty precision scale For January, the company expects to sell 800 scales at an average price of $2,300 per unit. The average manufacturing cost of each unit sold is $1.480. Variable operating expenses for the company will be $1.50 per unit sold and fixed operating expenses are expected to be $7.300 for the month. Monthly interest expense is $3,500. The company has a tax rate of 20% of income before taxes. Prepare Bell Smythe's budgeted income statement for January Bell Smythe Budgeted Income Statement For the Month Ended January 31 Sales Less: Cost of goods sold Gross profit Loss: Operating expenses Variable portion Fixed portion Operating income Less: Interest expense Less: Income tax expense Net Income Bell Smythe manufactures a specialty precision scalo. For January, the company expects to sell 800 scales at an average price of $2,300 per unit. The average manufacturing cost of each unit sold is $1,480. Variable operating expenses for the company will be $1,50 per unit sold and forced operating expenses are expected to be $7,300 for the month. Monthly interest expense is $3,500. The company has a tax rate of 20% of income before taxes. Prepare Bell Smythe's budgeted income statement for January $ Bell Smythe Budgeted Income Statement For the Month Ended January 31 Sales Less: Cost of goods sold Gross profit Less: Operating expenses Variable portion Fixed portion Operating income Less: Interest expense 1,840,000 - 1120000 720000 -960 -7500 711540 -3600 -141588 Less: Income tax expense