The data shown were obtained from the financial records of Italian Exports, Inc., for March: Estimated Sales $550.000 Sales 567,921 Purchases 294828 Ending Inventory 10% Administrative Salaries 50.280 Marketing Expense Sales Comissions Rent Expense Depreciation Expense 1.100 2.300 15 *of next month's sales **of estimated sales ***of income before taxes Sales are expected to increase each month by 10%. Prepare a budgeted income statement. Round your answers to the nearest dollar. Italian Exports, Inc. Budgeted Income Statement For the Month Ending Mar 31, 2020 Cost of Goods Sold Operating Expenses Total Operating Expenses