Question Help Godfrey Company prepared the following budgeted income statement for 2025: E: (Click the icon to view the budgeted income statement.) Read the requirements. Requirement 1. Prepare a budgeted income statement with columns for 1,100 units, 1,500 units, and 1,900 units sold. Godfrey Company Budgeted Income Statement For the Year Ended December 31, 2025 1,100 1,500 Unit sales 1,900 Sales Revenue Cost of Goods Sold Gross Profit Selling and Administrative Expenses Operating Income Requirement 2. How might managers use this type of budgeted income statement? The budgeted income statement prepared in Requirement 1 is a V budget. It allows Godfrey's managers to plan for sales level(s). Requirement 3. How might spreadsheet software such as Excel assist in this type of analysis? T--L--I--..-.. ---...----------- Enter any number in the edit fields and then continue to the next question. . Data Table Godfrey Company Budgeted Income Statement For the Year Ended December 31, 2025 Unit sales Sales Revenue ($700 per unit) Cost of Goods Sold (55% of sales) Gross Profit Selling and Administrative Expenses (15% of sales) Operating Income 1,500 $ 1,050,000 577,500 472,500 157,500 $ 315,000 Print Done