Requirement 1. Prepare a budgeted income statement with columns for 1,000 units, 1.100 units, and 1,400 units sold. Flanagan Company Budgeted Income Statement For the Year Ended December 31, 2019 Unit sales 1,000 1.100 1,400 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? Enter any number in the edit fields and then continue to the next question o Type here to search 0 Data Table Flanagan Company Budgeted Income Statement For the Year Ended December 31, 2019 Unit sales Sales Revenue (5500 per unit) Cost of Goods Sold (55% of sales) Gross Profit Selling and Administrative Expenses (20% of sales) Operating Income 1,100 550,000 302,500 247,500 110,000 137,500 Print Done Requirement 2. How m a nagers use this type of budged Income statement? The budgeted income statement prepared in Requirements budget Pangas Requirement. How might spreadsheet software such as Excel in this type of analysis Technology, such as Excel spreadh sowe make it more to conduct changes in sales volume and costs are all to afect they can and propera a company out to be wrong Enter any number in the st a nd then continue to the next