Bratt Simpson manufactures a specialty precision scale For January, the company expects to se 1.400 scales at an average price of $2,320 per unit. The average manufacturing cost of each unit sold is $1.440. Variable operating expenses for the company will be $1.20 per un sold and fixed operating expenses are expected to be $7.400 for the month Monthly stepensis $3.000 The company has a tax rate of 40% of income before taxes. Prepare Bratt Simpson's budgeted income statement for January Bratt Simpson Budgeted Income Statement For the Month Ended January 31 Sales Less: Cost of goods sold Gross profit Less: Operating expenses Variable portion Fixed portion Operating income Less: Interest expense Less: Income tax expense Net income