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need help with all!!! Samson Molon is a chain of car dealerships. Sales in the fourth quarter of last year were $4,500,000. Suppose management projects

need help with all!!! image text in transcribed
Samson Molon is a chain of car dealerships. Sales in the fourth quarter of last year were $4,500,000. Suppose management projects that its current year's quarterly sales will increase by 3% in quaree 1, by another 7% in quater 2, by another 2\% in quarter 3, and by another 6% in quater 4. Management expects cost of goods sold to be 50% of revenues every quarter, while operating expenses should be 25% of revenues during each of the firt two quarters, 20% of revenues during the thind quarter, and 30% during the fourth quarter: Reculrement Prepare a budgeted income stmement for each of the four quarters and for the entire yeat. Prepare the frat porbon of the budgeted income stakement through gross profit, then complete the staserrent. (Flound the amounta to the noarest whole dolar)

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