Sean Las performs a specialty lab test for local companies for 546 per tot For the upcoming quarter Sesne Labs is projecting the following sales January February March Number of lab tests 5400 4,100 5.900 The budgeted cost of performing each test is $18 Operating expenses are projected to De 560.000 in January 550.000 in February, and 563.000 in March. Sesne Labs is subject to a corporate tax rate of 30% Requirement Prepare a budgeted income statement for the first quarter with a column for each month and for the quarter March Prepare the budgeted income statement by first calculating the operating income, then calculate the net income Sesnie Labs Budgeted Income Statement For the Quarter Ended March 31 January February Quarter Sali Loss Cost of goods sold Gross pront Loss Operating expenses Operating income Loss income tax expense Not income