Foodie's Supply Company manufactures and sells a pesticide called Snare. The following data are available for preparing budgets for Snare for the first 2 quarters of 2030. 1. Sales: 1. Expected units sales are: 10,000 bags for quarter 1 and quarter 25 sale is going to increase by ton of the euarter I's sale 2. Selling price is $50 per bag 2 Cost of each bag is $20. 3. Desired inventory levels are: 1. larwary 1 (Beginning ol Quarter 112000 baips 2. Apeli 1 (Beginning of Quarter 21, 2.500 bag 3. July 1 (Begining of Quartes 31, 3,000 bags 4. HINT: Ending imventory in one period becomes beginning imventory in the following period. In other words, your beginning imventory for ane period was ending inventory for the previous period. 4. Selling and administrative expenses are expected to be 10% of sales revenue plus $30,000 per quarter. 5. Interest expense is $100,000 and income taxes are expected to be 25% of income before income taxes. Prepare the budgeted multiple-step income statement for the first 6 months (first two quarters). -When typing your responses for amounts, do NOT include a dollar sign. For example, if your answer is $10,000, you should be typing 10,000 or 10,000.00 without any dollar sign