Bo-Col Enterprises expects to operate at a profit in its next fiscal year. Which of the following statements about its budgeted income statement is correct? Operating expenses are expected to be greater than gross profit. Operating income is expected to be greater than net income. Net income is expected to be greater than operating income. Gross profit plus operating expenses will equal net income. Intentionally understating revenues or overstating costs during the budgeting process is called budgetary slack zero-based budgeting buddy budgeting participative budgeting