solve this with income statement for each of the four quarters!!

Smith's Best Cars is a chain of car dealerships. Sales in the fourth quarter of last year were $5,500,000. Suppose management projects that its current year's quarterly sales will increase by 10% in quarter 1 , by another 3% in quarter 2 , by another 6% in quarter 3 , and by another 6% in quarter 4 . Management expects cost of goods sold to be 45% of revenues every quarter, while operating expenses should be 37% of revenues during each of the first two quarters, 27% of revenues during the third quarter, and 25% during the fourth quarter. Requirement Prepare a budgeted income statement for each of the four quarters and for the entire year