please andwer whole question second part asks for less: operating expenses and they net income

Monachino Motors is a chain of car dealerships Sales in the fourth quarter of lt year were $4200,000 Suppose management projects that ts cument year's quarterly sales will increase by 2 % in quarter 1, by another 7% in quarter 2, by anolher 4% in quarter 3, and by another 5% in quarter 4 Management expects cost of goods sold to be 40% of evenues eery quarter, while operating expenses should be 20% of revenues during each of the frt two quarters, 30% of revenues during the thind quarter, and 25% during the fourth quarter Requirement Prepare a budgeted income stalement for each of the four quarters and for the re year Prepare the frat portion of the budgeted income statement through gross proft, then complete the statement (Round the amounts to the nearest whole dollar) Monachine Motors Budgeted Income Statement For the Upcoming Year Quarter1 Quarter 2 Quarter 30 Quarter 4 Year Sales Less: Cost of goods soldh Gross proft