Data Table min amo Avery Company Budgeted Income Statement For the Quarter Ended March 31, 2016 To January February March Total 10,000 $ 5,000 5,000 3,500 1,500 450 1,050 $ 36,400 18,200 18,200 10,820 7,380 2.214 5,166 (20% increase per month) $ 14,400$ Sales Revenue Cost of Goods Sold Gross Profit S and A Expenses Operating Income Income Tax Expense Net Income 12,000$ 6,000 6,000 3,600 2,400 7,200 7,200 3,720 3,480 1,044 2,436 $ (50% of sales) ($3,000 + 5% of sales) (30% of operating income) 720 1,680 $ ts t Print Done