Fortune Incorporated is preparing its master budget for the first quartec, The compain sells a single product at a price of 525 per uxit. Sales (in units) are budgeted at 160.000 for the first quartec. Cost of goods sold is $12 per una. Other expense intormation for the first quarter follows. Prepare a budgeted income statement foc the first quarter ended March 3t. (Round your intermediate and final answers to the nearest whote dollar.) Prepare a budgeted income statement for the first quarter ended March 31 . (Round your intermediato ond flnal answers to the nearest whole dollar.)