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Carter Lumber sells lumber and general building supplies to town in Montana. Data regarding the store's operations follow building contractors in a Sales are budgeted

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Carter Lumber sells lumber and general building supplies to town in Montana. Data regarding the store's operations follow building contractors in a Sales are budgeted at $380,000 for November, $390,000 for December. The cost of goods sold is 65% of sales. Salary expense is $10,000 of November and 12.000 for December. Monthly depreciation is $20,00o. Advertising expense is $3,500 for November and 2,100 for December Maintenance expense is $4,400 for November and SO for December Monthly rent expense is $15,500 .Ignore taxes. Prepare a Budgeted Income Statement for November and December. Also, perform vertical analysis for both months

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