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browieclaunchurahttp%253A%252F%252Fwconnect.education.co.253/activity que A 20-34 Help Save Fortune, Inc., is preparing its master budget for the first quarter. The company sells a single product at a
browieclaunchurahttp%253A%252F%252Fwconnect.education.co.253/activity que A 20-34 Help Save Fortune, Inc., is preparing its master budget for the first quarter. The company sells a single product at a price of 525 per unit. Sales in units) are forecasted at 38,000 for January, 58,000 for February, and 48,000 for March. Cost of goods sold is $12 per unit. Other expense information for the first quarter follows Comissions Rent Advertising office salaries Depreciation Interest Tax rate 9% of sales dollars 522,000 per month 15% of sales dollars $70,000 per month $ 54,000 per month 13% annually on a $220,000 note payable 40 Prepare a budgeted income statement for this first quarter (Round your final answers to the nearest whole dollar.) FORTUNE, INC Budgeted Income Statement For Quarter Ended March 31 Sales
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