Never Company has the following post-closing trial balance on December 31, 2024 (Click the icon to view the post-closing trial balance.) The company's accounting department has gathered the following budgeting information for the first quarter of 2025 (Click the icon to view the budget information.) Additional information Rent and income tax expenses are paid as incurred. Insurance expense is an expiration of the prepaid amount Read the requirements C Requirement 1. Prepare a budgeted income statement for the quarter ended March 31, 2025 Never Company Budgeted Income Statement For the Quarter Ended March 31, 2025 Gross Profit Selling and Administrative Expenses 4