Hatcher Company prepared the following budgeted income statement for $2025$ :

$($Click the icon to view the budgeted income statement.$)$

Read the requirements.

Requirement $1.$ Prepare a budgeted income statement with columns for $1,100$ units, $1,200$ units, and $1,900$ units sold.

Hatcher Company

Budgeted Income Statement

For the Year Ended December $31,2025$

$\backslash$table$[[$Unit sales,$1,100],[$Sales Revenue,$],[$Cost of Goods Sold,$],[$Gross Profit,$],[$Selling and Administrative Expenses,$]]$

Data table

$\backslash$table$[[$Hatcher Company$],[$Budgeted Income Statement$],[$For the Year Ended December $31,2025],[$Unit sales,,$1,200],[$Sales Revenue $($ $$700$ per unit$),$$$,840,000],[$Cost of Goods Sold $(55\%$ of sales$),,462,000],[$Gross Profit,,$378,000],[$Selling and Administrative Expenses $(20\%$ of sales$),,168,000],[$Operating Income,$$,210,000]]$