Dickinson Company prepared the following budgeted income statement for 2025: (Click the icon to view the budgeted income statement.) Read the requirements. Requirement 1. Prepare a budgeted income statement with columns for 1,000 units, 1,100 units, and 1,500 units sold. Dickinson Company Budgeted Income Statement For the Year Ended December 31, 2025 Unit sales 1,000 Sales Revenue Cost of Goods Sold Gross Profit Selling and Administrative Expenses Operating Income Enter any number in the edit fields and then click Check Answer. Clear All 4 parts remaining i Data Table - X Dickinson Company Budgeted Income Statement For the Year Ended December 31, 2025 Unit sales 1,100 Sales Revenue ($700 per unit) $ 770,000 423,500 Cost of Goods Sold (55% of sales) Gross Profit 346,500 192,500 Selling and Administrative Expenses (25% of sales) $ 154,000 Operating Income Print Done i Requirements - X 1. Prepare a budgeted income statement with columns for 1,000 units, 1,100 units, and 1,500 units sold. 2. How might managers use this type of budgeted income statement? 3. How might spreadsheet software such as Excel assist in this type of analysis? Print Done