The following dashboard shows a company's income statement data for the first quarter. The company sold $30,000$ units for $$17$ per

unit in the first quarter. The sales staff is paid a commission of $6\%$ on sales dollars.

Management has a new strategy for the second quarter. It believes that if the sales price is reduced to $$16$ per unit and advertising is

increased to $$30,000,$ sales units will be $35,000$ for the second quarter. The product cost will remain at $$12$ per unit, the sales staff will

continue to earn a $6\%$ commission on sales dollars, and the remaining expenses will stay the same.

Expenses for $1$st Quarter

Depreciation$--$

Office equipment

Office rent

Administrative

salaries

Advertising

Sales

commisions

Enter answers in the tabs below.

Prepare an income statement for the first quarter.Enter answers in the tabs below.

Required $1$

Required $2$

Required $3$

Prepare a budgeted income statement for the second quarter that shows the results from implementing the proposed plan.

$\backslash$table$[[$Budgeted Income Statement$],[,$Second Quarter$],[,],[,],[$Selling$,$ general, and administrative expenses,$],[$Sales commissions,$],[$Advertising$,],[$Office rent,$],[$Administrative salaries,$],[$Depreciation$-$Office equipment,$],[$Total expenses,$]]$