Bolden Company prepared the following budgeted income statement for 2025: (Click the icon to view the budgeted income statement.) - X Read the requirements. Data table Bolden Company Requirement 1. Prepare a budgeted income statement with columns for 1, 100 units, 1,200 units, and 1,400 units sold. Budgeted Income Statement For the Year Ended December 31, 2025 Bolden Company 1,200 Budgeted Income Statement Unit sales Sales Revenue ($350 per $ 420,000 For the Year Ended December 31, 2025 231,000 Unit sales 1,100 1,200 1.400 Cost of Goods Sold (55% of sales) Sales Revenue Gross Profit 189,000 Cost of Goods Sold Selling and Administrative Expenses (30% of sales) 126,000 Gross Profit 63,000 Operating Income Selling and Administrative Expenses Operating Income Requirement 2. How might managers use this type of budgeted income statement? Print Done The budgeted income statement prepared in Requirement 1 is a budget. It allows Bolden's managers to plan for sales level(s). Requirement 3. How might spreadsheet software such as Excel assist in this type of analysis? Technology, such as Excel spreadhseet software, makes it more to conduct and prepare a company's If managers have a better understanding of how changes in sales volume and costs are likely to affect V, they can if key assumptions turn out to be wrong. - X Requirements 1. Prepare a budgeted income statement with columns for 1, 100 units, 1,200 units, and 1,400 units sold. 2. How might managers use this type of budgeted income statement? 3. How might spreadsheet software such as Excel assist in this type of analysis? Print Done