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Fortune, Inc., is preparing its master budget for the first quarter. The company sells a single product at a price of $25 per unit. Sales (in units) are forecasted at 43,000 for January, 63,000 for February, and 53,000 for March. Cost of goods sold is $12 per unit. Other expense information for the first quarter follows. Commissions Rent Advertising office salaries Depreciation Interest Tax rate 126 of sales dollars $ 19,000 per month 158 of sales dollars $74,000 per month $ 48,000 per month 12+ annually on a $240,000 note payable 400 Prepare a budgeted income statement for this first quarter. (Round your final answers to the nearest whole dollar) FORTUNE, INC Budgeted Income Statement For Quarter Ended March 31 Operating expenses Prepare a budgeted income statement for this first quarter. (Round your final answers to the nearest whole dollar.) FORTUNE, INC. Budgeted Income Statement For Quarter Ended March 31 Operating expenses 0 $ 0