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Budgeted Income Statement Pendleton Company, a merchandising company, is developing its master budget for 2015 The income statement for 2014 is as follows Sta Ending 31.2014 Cost 'f goods (imluding S2S,OCO dep szsoo,oco (socoo) (1.7 s.coo) (E2s,C00) suso,oco The fol&vins are managements goals and forecasts for 2015: 1. Selling by S 2. cut of in 3. All fixed ere in P Q Required Prepare a budgeted functional income statement for 201 S. with any of your answers. Pe ndl Budgeted For Ending 31.2015 Estin-*S Cost of goods p roft fM will 10 comny Budgeted Income Statement Pendleton Company, a merchandising company, is developing its master budget for 2015 The income statement for 2014 is as follows Sta Ending 31.2014 Cost 'f goods (imluding S2S,OCO dep szsoo,oco (socoo) (1.7 s.coo) (E2s,C00) suso,oco The fol&vins are managements goals and forecasts for 2015: 1. Selling by S 2. cut of in 3. All fixed ere in P Q Required Prepare a budgeted functional income statement for 201 S. with any of your answers. Pe ndl Budgeted For Ending 31.2015 Estin-*S Cost of goods p roft fM will 10 comny