Prepare a budgeted income statement for $20Y9.$

Regina Soap Co$.$

Budgeted Income Statement

For the Year Ending December $31,20$Y$9$

Operating expenses:

Selling expenses:

Sales salaries and commissions

Advertising

Miscellaneous selling expense

Total selling expenses

Administrative expenses:

office and officers salaries

Supplies

Miscellaneous administrative expense

Total administrative expenses

Total operating expenses

Income before income tax

Income tax expense

Net income

$

Prepare a budgeted balance sheet as of December $31,20Y.$

Regina Soap Co$.$

Budgeted Balance Sheet

December $31,20$Y$9$