Check my wc 6 Exercise 20-34 Budgeted income statement LO P3 Fortune, Inc., is preparing its master budget for the first quarter. The company sells a single product at a price of $25 per unit. Sales (in units) are forecasted at 38,000 for January, 58,000 for February, and 48,000 for March. C of goods sold is $12 per unit. Other expense information for the first quarter follows. points ook Commissions 8% of sales dollars $21,000 per month of sales dollars Hint Rent Advertising 15% $ 74,000 $52,000 Office salaries Print per month Depreciation per month References 10% annually on a $240,000 note payable Interest 40% Tax rate Prepare a budgeted income statement for this first quarter. (Round your final answers to the nearest whole dollar.) INC FORTIINE 10 10 FORTUNE, INC. points Budgeted Income Statement For Quarter Ended March 31 eook Hint Print Operating expenses References