Godfrey Company prepared the following budgeted income statement for 2019 EEB (Click the icon to view the budgeted income statement.) Read the requirements Requirement 1. Prepare a budgeted income statement with columns for 900 units, 1,200 units, and 1,900 units sold Godfrey Company Budgeted Income Statement For the Year Ended December 31, 2019 Data Table 1,900 Unit sales Sales Revenue Cost of Goods Sold Gross Profit Selling and Administrative Expenses Operating Income Requirement 2. How might managers use this type of budgeted income statement? 900 1,200 Godfrey Company Budgeted Income Statement For the Year Ended December 31, 2019 1,200 $ 600,000 360,000 240,000 180,000 60,000 Unit sales Sales Revenue ($500 per unit) Cost of Goods Sold (60% of sales) Gross Profit Selling and Administrative Expenses (30% of sales) Operating Income Enter any number in the edit fields and then continue to the next