$[$The following information applles to the questions displayed below.$]$

Ending finished goods inventory should be $40$ percent of next month's sales.

Ending direct materials inventory should be $30$ percent of next month's production.

Expected unit sales $($frames$)$ for the upcoming months follow:

piece of equipment.

Award: $1\mathrm{.}00$ point

Required:

Complete Iguana's budgeted income statement for quarter $2.$

Note: Round cost per unit in intermediate calculations to $2$ decimal places.