Fielding Labs performs a specialty lab test for local companies for $55 per test for the upcoming quarter, Fielding Labs is projecting the following sales The budgeted cost of performing each test is $30 Operating expenses are projected to be 557 000 in January, $56,000 in February, and $62,000 in March Fielding Labs is subject to a corporate tax rate of 30% Requirement Prepare a budgeted income statement for the first quarter with a column for each month and for the quarter March January February 5,300 4.900 Number of lab tests 5,500 Prepare the budgeted income statement by first calculating the operating income, then calculate the net income Red March Quarter Fielding Labs Budgeted Income Statement For the Quarter Ended March 31 January February Sales Loss Cost of goods sold Gross profit Loss Operating expenses Operating income OA Help me solve this Video Get more help Clann Fielding Labs performs a specialty lab test for local companies for $55 per test for the upcoming quarter Fielding Labs is projecting the following sales The budgeted cost of performing each test is $30 Operating expenses are projected to be 557 000 in January, $56,000 in February, and $62,000 in March. Fielding Labs is subject to a corporate tax rate of 30% Requirement Prepare a budgeted income statement for the first quarter with a column for each month and for the quarter March January February 5,300 4.900 Number of lab tests 5,500 Prepare the budgeted income statement by first calculating the operating income, then calculate the net income Red Fielding Labs Budgeted Income Statement For the Quarter Ended March 31 January February March Quarter Sales Less Cost of goods sold Gross profit Less Operating expenses Operating income 001 Help me solve this Video Get more help Clann