st K Part 2 of 9 points Points: 0.12 of 1 Save Avery Company prepared the following budgeted income statement for the first quarter of 2024 (Click the loon to view the budgeted income statement) Avery Company is considering two options. (Click the icon to view the options.) Read the requirements Requirement 1. Prepare budgeted income statements for both options, assuming both options begin in January and January sales remain $15,000. Round all calculations to the nearest dollar Begin by preparing the budgeted income statement for Option 1. Avery Company Budgeted Income Statement For the Quarter Ended March 31, 2024 creen Shot 0030 22 5 reen Shot 05711PM January February Sales Revenue 15,000 19500 Cost of Goods Sold 9,000 14850 Gross Profit 6,000 4650 S and A Expenses 5,200 11300 Operating Income 800 Income Tax Expense 160 640 Net Income creen Shot -0.53.56 AM n Shot 15.08 PM