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Fortune Incorporated is preparing its master budget for the first quarter The company selis a single product at a price of $25 per unit. Sales in units) are budgeted at 157,000 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 intermediote ond final answers to the nearest whole dollar.)