-ortune Incorporated is preparing its master budget tor the tirst quarter. I he company sells a single product at a price of $2b per unit. Sales (in units) are budgeted at 152,000 for the first quarter. Cost of goods sold is $12 per unit. Other expense information for the first quarter follows. Prepare a budgeted income statement for the first quarter ended March 31. (Round your intermediate and final answers to the nearest whole dollar.)