[The following information applies to the questions displayed below) Lamonte Company reports the following budgeted December 31 adjusted trial balance, Credit Debit $ 54,000 124.000 68,000 129,000 Cash Accounts receivable Merchandise inventory Equipment Accumulated depreciation-Equipment Accounts payable Loan payable Comon stock Retained earnings (beginning year balance) Sales Cost of goods sold Loan interest expense Depreciation expense Salaries expense Totals $ 29,000 38,000 26,000 210,000 64,000 524,000 364,000 12,000 14,000 126,000 $ 891,800 $ 891,000 Prepare the budgeted income statement for the current year ended December 31. Ignore income taxes. LAMONTE CO. Budgeted Income Statement For Year Ended December 31 Isales