1. Prepare a budgeted income statement for Amazon.com, Inc. for the quarter ending March 31, 2024.
2. Calculate the projected Net Income.
3. Perform a variance analysis comparing actual and budgeted figures.

Budgeted Item	Amount ($)	Actual Item	Amount ($)
Expected Sales	1,200,000	Actual Sales	1,100,000
Expected Cost of Goods Sold	800,000	Actual Cost of Goods Sold	750,000
Salaries Expense	250,000	Actual Salaries Expense	260,000
Rent Expense	60,000	Actual Rent Expense	65,000
Advertising Expense	50,000	Actual Advertising Expense	55,000
Utilities Expense	30,000	Actual Utilities Expense	28,000
Interest Expense	20,000	Actual Interest Expense	22,000
Income Tax Expense	40,000	Actual Income Tax Expense	35,000

Question:

Using the given projections, prepare a budgeted income statement for Amazon.com, Inc. for the quarter ending March 31, 2024. Calculate the projected Net Income and perform a variance analysis comparing actual and budgeted figures.