Need some help making the income statement for this question. I have been struggling with these questions for awhile. This is all the information that I was given to get the income statement completed.

In May 2022, the budget committee of Bonita Stores assembles the following data for preparing the merchandise purchases budget for the month of June: 1. Expected sales: June $548,000; July $560,000. 2. Cost of goods sold is expected to be 75% of sales. 3. Desired ending merchandise inventory is 30% of the following month's cost of goods sold. 4. The beginning inventory at June 1 will be the desired amount. Prepare the budgeted income statement for June through gross profit on sales