Script Mill has just completed their 5th year in business. They have reported the following information for December 2022. Budgeted Sales Actual Sales Purchases Beginning Inventory Ending Inventory (% of next months sales) Admin Salaries Marketing Expense (% of budgeted sales) Sales Commissions (% of budgeted sales) Rent Expense Depreciation Expense Utilities Taxes (% of income from operations) Cost of Goods Sold: Beginning Inventory LA LA LA Purchases $ $ $ +A $ $ LA LA LA $ $ $ 560,000 567,923 294,823 56,000 10% 50,320 5% 2% 7,500 1,100 2,500 Script Mill has seen sales increase at a rate of 10% in the past. They anticipate this trend to continue. Prepare a budgeted income statement complete the items below. *Type your response with no commas or decimals Sales 15%

Script Mill has just completed their 5 th year in business. They have reported the following information for December 2022. Script Mill has seen sales increase at a rate of 10% in the past. They anticipate this trend to continue. Prepare a budgeted income statement complete the items below. "Type your response with no commas or decimals Total Operating Expenses Income from Operations Income Tax Expense Net Income (loss) Please put an answer in each input field. Cost of Goods Available for Sal Ending Inventory Cost of Goods Sold Gross Profit Operating Expenses: Administrative Salaries Marketing Expenses Sales Commissions Rent Expense Depreciation Expense Utilities