Mist Company has the following post-closing trial balance on December 31, 2016: Additional information: (Click the icon to view the post-closing trial balance.) : Rent and income tax expenses are paid as incurred. Insurance expense is an expiration of the prepaid amount. The company's accounting department has gathered the following budgeting information for the first quarter of 2017: (Click the icon to view the budget information.) Read the requirements. Requirement 1. Prepare a budgeted income statement for the quarter ended March 31, 2017. Data table Data table Requirements 1. Prepare a budgeted income statement for the quarter ended March 31, 2017. 2. Prepare a budgeted balance sheet as of March 31, 2017. 3. Prepare a budgeted statement of cash flows for the quarter ended March 31, 2017. Mist Company has the following post-closing trial balance on December 31, 2016 : Additional information: (Click the icon to view the post-closing trial balance.) Rent and income tax expenses are paid as incurred. Insurance expense is an expiration of the prepaid amount. The company's accounting department has gathered the following budgeting information for the first quarter of 2017 : (Click the icon to view the budget information.) Read the requirements. Requirement 2. Prepare a budgeted balance sheet as of March 31, 2017