Requirement Prepare a budgeted income statement for each of the four quarters and for the entire year. Prepare the first portion of the budgeted income statement through gross profit, then complete the statement. (Round the amounts to the nearest whole dollar.) Sweeney Motors Budgeted Income Statement For the Upcoming Year \begin{tabular}{llllll} \hline & Quarter 1 & Quarter 2 & Quarter 3 & Quarter 4 & Year \\ \cline { 2 - 6 } Sales & & \end{tabular}