e budgetad Data Table udgete Bolden Company Budgeted Income Statement For the Year Ended December 31, 2019 Budge he Year Unit sales Sales Revenue ($550 per unit) Cost of Goods Sold (50% of sales) Gross Proft Selling and Administrative Expenses (20% of sales) Operating Income 1,100 $605,000 302,500 302,500 121,000 $ 181,500 xpens manage Print Done nent pre Unit sale 1,100 1,300 Cost of Goods Sold Gross Prof come statement preparedn Requirement 1 is abudget i lows Boiden's managers to sales levels) managers have a better understanding of how changes in sales Technology such as Excel spreadhseet software, makes it more hey can t key m out to be wrong