Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] Lamonte Company reports the following budgeted December 31 adjusted trial balance. Exercise 22-28A (Algo) Merchandising: Preparing a budgeted income statement LO P4 Prepare the budgeted income statement for the current year ended December 31 . Ignore income taxes. Prepare the budgeted income statement for the current year ended December 31. Ignore income taxes. The ending year balance of Retained Earnings was $72,900 on December 31. Prepare Lamonte Company's budgeted balance sheet as of December 31