Fortune Incorporated is preparing its master budget for the first quarter. The company sells a single product at a price of $$25$ per unit. Sales $($in units$)$ are budgeted at $159,000$ for the first quarter. Cost of goods sold is $$12$ per unit. Other expense information for the first quarter follows.

$\backslash$table$[[$Sales Commissions,$11\%,$of sales dollars$],[$Rent$,$$$42,000,$per quarter$],[$Advertising$,$$$579,000,$per quarter$],[$Office salaries,$$273,000,$per quarter$],[$Depreciation$,$$$147,000,$per quarter$],[$Interest$,1\mathrm{.}25\%,$quarterly on $$290,000$ note payable$],[$Tax rate,$30\%,]]$

Prepare a budgeted income statement for the first quarter ended March $31.$

Note: Round your intermediate and final answers to the nearest whole dollar.

$\backslash$table$[[$FORTUNE$,$ INCORPORATED$],[$Budgeted Income Statement$],[$For Quarter Ended March $31],[+,3,],[,,],[,,\text{'}],[$Selling$,$ general and administrative expenses$],[,,],[,,],[,,],[,,],[-,,],[,,-]]$