Question Help Jamison Company prepared the following budgeted income statement for 2019: |(Click the icon to view the budgeted income statement.) X Read the requirements. Data Table Requirement 1. Prepare a budgeted income statement with columns for 1,100 units, 1,500 units, and 1,800 units sold. Jamison Company Budgeted Income Statement For the Year Ended December 31, 2019 1,100 1,500 Jamison Company Budgeted Income Statement For the Year Ended December 31, 2019 Unit sales 1,500 Unit sales 1,800 Sales Revenue ($700 per unit) Sales Revenue $ 1,050,000 577,500 Cost of Goods Sold Cost of Goods Sold (55% of sales) Gross Profit Gross Profit 472,500 315,000 Selling and Administrative Expenses Selling and Administrative Expenses (30% of sales) $ 157,500 Operating Income Operating Income Requirement 2. How might managers use this type of budgeted income statement? Print Done The budgeted income statement prepared in Requirement 1 is a budget. It allows Jamison's managers to plan for sales level(s). Requirement 3. How might spreadsheet software such as Excel assist in this type of analysis? Technology, such as Excel spreadhseet software, makes it more to conduct and prepare a company's If managers have a better understanding of how changes in sales volume and costs are likely to affect they can if key assumptions turn out to be wrong. Enter any number in the edit fields and then continue to the next