Kling Company prepared the following budgeted income statement for the first quarter of 2024: (Click the icon to view the budgeted income statement.) Kling Company is considering two options. (Click the icon to view the options.) Read the requirements. Requirement 1. Prepare budgeted income statements for both options, assuming both options begin in January and January sales remain $5,000. Round all calculations to the nearest dollar. Begin by preparing the budgeted income statement for Option 1. Requirements 1. Prepare budgeted income statements for both options, assuming both options begin in January and January sales remain $5,000. Round all calculations to the nearest dollar. 2. Which option should Kling choose? Explain your reasoning. Data table More info Option 1 is to increase advertising by $1,200 per month. Option 2 is to use better-quality materials in the manufacturing process. The better materials will increase the cost of goods sold to 15% but will provide a better product at the same sales price. The marketing manager projects either option will result in sales increases of 25% per month rather than 20%