Brigo Sherman manufactures a specialty precision scale For January, the company expects to sell 1,000 scales at an average price of $2,310 per unit. The average manufacturing cost of each unit sold is $1,470 Variable operating expenses for the company will be $1 10 per unit sold and fixed operating expenses are expected to be 57.500 for the month. Monthly interest expense is $3,100 The company has a tax rate of 30% of income before taxes. Prepare Brigg Sherman's budgeted income statement for January Brigg Sherman 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 Less: income tax expense Net income