this is marginal

accounting question can you please find bugdeted income statement according to format which i attached with question.

thanks

The budget committee of Ridder Company collects the following data for its Westwood Store in preparing budgeted income statements for July and August 2020: 1. The store expects sales for July to be $481,000; for August, $531,000; and for September, $584,000. 2. It expects the cost of goods sold to be 60% of sales. 3. Company policy is to maintain ending merchandise inventory at 20% of the following month's cost of goods sold. 4. Operating expenses are estimated as follows: $54,000 per month $2,800 per month Sales salaries Advertising Rent expense Depreciation 700 per month 4% of monthly sales 2% of monthly sales Utilities 600 per month Delivery expense Sales commissions 3% of monthly sales Insurance 300 per month 5. Income taxes are estimated to be 30% of the income from operations. Prepare a budgeted income statement, using columns for each month. Show details for the cost of goods sold in the statement. RIDDER COMPANY-Westwood Store Budgeted Income Statement For the Months of July and August, 2020 July August Sales $ Cost of goods sold # Gross profit Less # 4 # # Operating expenses # Less Operating expenses # : # : : $ $