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Hello this is a question from my cost accounting exam, it would be very helpful if you can answer it for me thanks!! 9. Shown

Hello this is a question from my cost accounting exam, it would be very helpful if you can answer it for me thanks!!
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9. Shown below are the totals from period budgets of KBM Corporation for the current year Revenue budget $100,000 Materials usage from production budget 15,000 Labor cost budget 20,000 Manufacturing overhead budget 20,000 General and administrative budget 30,000 Capital expenditure budget 20,000 Tax Rate 40% Required: Prepare a forecasted Income Statement for the current year. 7 pts

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