Requirement $1.$ Prepare budgeted income statements for both options, assuming both options begin in January and January sales remain $$15,000.$ Round all calculations to the nearest dollar. Soya Company prepared the following budgeted income statement for the first quarter of $2024$:

$($Click the icon to view the budgeted income statement.$)$

Soya Company is considering two options.

$($i$)($Click the icon to view the options.$)$

Read the requirements.

Requirement $1.$ Prepare budgeted income statements for both options, assuming both options begin in January and January sales remain $$15,000.$ Round all calculations to the nearest dollar.

Begin by preparing the budgeted income statement for Option $1.$

Begin by preparing the budgeted income statement for Option $1.$

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