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Brady Shifer manufactures a specialty precision scale. For January, the company expects to sell 900 scales at an average price of $2,390 per unit. The

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Brady Shifer manufactures a specialty precision scale. For January, the company expects to sell 900 scales at an average price of $2,390 per unit. The average manufacturing cost of each unit sold is $1,500. Variable operating expenses for the company will be 51.50 per unit sold and fixed operating expenses are expected to be 57,700 for the month. Monthly interest expense is $3,700. The company has a tax rate of 20% of income before taxen. Prepare Brady Shiller's budgeted incomo statement for January Brady Shiler Budgeted Income Statement For the Month Ended January 31 Sales Loss: Cost of goods sold Gross profit Lass: Operating expenses, variable portion Less: Operating expenses, fixed portion Operating income Less: Interest expense Lasst Income tax expense Not Income

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