St. Germaine Labs performs a speciality lab test for local companies for $46 The budgeted cost of performing each test is $22 Operating expenses are per test. For the upcoming quarter, St. Germaine Labs is projecting the following sales projected to be $57,000 in January, $54,000 in February, and $61,000 in March, St. Germaine Labs is subject to a corporate tax rate of 30%. ncom LaCh January February March 5,700 4,200 5,900 Requirement Prepare a budgeted income statement for the first quarter, with a column for each month and for the quarter Budg Number of lab tests For th Prepare the budgeted income statement by first calculating the operating income, then calculate the net income St. Germaine Labs Budgeted Income Statement For the Quarter Ended March 31 Sales Less: C Gross p Less: Op January FebruaryMarch Quarter Sales Less Cost of goods sold Gross profit Less Operating expenses Operating income Less Income tax expense Net income Enter any number in the edit fields and then continue to the next