if its correct i will thumbs up!

Smith Motors is a chain of car dealerships. Sales in the fourth quarter of last year were $4,200,000. Suppose management projects that its current year's quarterly sales will increase by 7% in quarter 1 , by another 3% in quarter 2 , by another 4% in quarter 3 , and by another 2% in quarter 4 . Management expects cost of goods sold to be 55% of revenues every quarter, while operating expenses should be 20% of revenues during each of the first two quarters, 25% of revenues during the third quarter, and 35% during the fourth quarter. Requirement Prepare a budgeted income statement for each of the four quarters and for the entire year. statement. (Kound the amounts to the nearest whole dollar.)