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Funny Fortune Company is preparing its master budget for the first quarter. The company sells a single product at a price of $25 per unit.

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Funny Fortune Company 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 forecasted at 150,000 for first quarter. Cost of goods sold is $12 per unit. Other expense information for the first quarter follows. complosions 111 of sales dollars $ 69,000 per quarter Advertising B of sales doll Office salaries 228.000 per quarter Depreetation 155.000 per quar Prepare a budgeted income statement for this first quarter

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