Bolden Company Budgeted Income Statement For the Year Ended December 31, 2019 Unit sales Sales Revenue ($300 per unit) Cost of Goods Sold (40% of sales) Gross Profit Selling and Administrative Expenses (30% of sales) Operating income 1,100 S 330,000 132,000 198,000 99,000 S 99,000 Print Done Requirement 1. Prepare a budgeted income statement with columns for 1,000 units, 1,100 units, and 1,600 units sold. Bolden Company Budgeted Income Statement For the Year Ended December 31, 2019 Unit sales Sales Revenue Cost of Goods Sold Gross Profit Selling and Administrative Expenses Operating Income Requirement 2. How might managers use this type of budgeted income statement? 1,000 1,100 1,600 and precare a companys Technology, such as Excel spreadhseet software, makes t more volume and costs are lely bto affect vthey can turn out to be wrong