In September 2022, the budget committee of Concord Company assembles the following data: 1. Expected Sales October $1,800,000 November 1,710,000 December 1,500,000 2. Cost of goods sold is expected to be 60% of sales. 3. Desired ending merchandise inventory is 30% of the next month's cost of goods sold. 4. The beginning inventory at October 1 will be the desired amount. Prepare the budgeted income statement for October through gross profit on sales, including a cost of goods sold schedule.