Brady Shiller manufactures a specialty precision scale. For January, the company expects to sell 800 scales at an average price of $2,350 per unit. The average manufacturing cost of each unit sold is $1,420. Variable operating expenses for the company will be $1.50 per unit sold and fixed operating expenses are expected to be $7,100 for the month. Monthly interest expense is $3,200. The company has a tax rate of 20% of income before taxes. Prepare Brady Shiller's budgeted income statemen for January Brady Shiller Budgeted Income Statement For the Month Ended January 31 Sales Less: Cost of goods sold Gross profit Less: Operating expenses, variable portion Less: Operating expenses, fixed portion Operating income Less: Interest expense Lase Income tax ovnenco 4

Brady Shiller manulactures a specialty precision scale. For January, the company expects to sell 800 scales at an average price of $2,350 per unit. The average manufacturing cost of each unit sold is $1,420 Variable operating expenses for the company wilt be $1,50 per unit sold and fixed operating expenses are expected to be 57, 100 for the month Monihly interest expense is $3.200. The company has a tax rate of 20% of incarne before taxes. Prepare Brady Shiller's budgeted income statemer for January