This Luker Company prepared the following budgeted income statement for the first quarter of 2018 Click the icon to view the budgeted income statement) Luker Company is considering two options. O(Click the icon to view the options. Read the requirements Requirement 1. Prepare budgeted income statements for both options, assuming both options begin $. a in January and January sales remain 15,000Round all calculations to the nearest dollar Begin by preparing the budgeted income statement for Option 1 Luker Company Data Table Budgeted Income Statement For the Quarter Ended March 31, 2018 January February March Total Luker Company Sales Revenue Budgeted Income Statement Cost of Goods Sold For the Quarter Ended March 31, 2018 32,760 Gross Profit January February March S and A Expenses Net Sales Revenue (20% increase per month) $ 15,000 $ 18,000 $ 21,600 S Operating income Cost of Goods Sold (60% of sales ) 9,000 12,960 Gross Profit Income Tax Expense B 640 S and A Expenses ($2,200 + 10% of sales) 3,700 4 000 Net income Operating Income Now prepare the budgeted income statement for Option 2. (Round all amounts to the neal Income Tax Expense (20% of operating income ) Luker Company Net Income 11,840 $ 2,,560 S 3,424 $ 7,824 Budgeted Income Statement For the Quarter Ended March 31, 2018 January February March Total Enter any number in the edit fields and then continue to the next question MacBook Pro Command option command This Luker Company prepared the following budgeted income statement for the first quarter of 2018 Click the icon to view the budgeted income statement) Luker Company is considering two options. O(Click the icon to view the options. Read the requirements Requirement 1. Prepare budgeted income statements for both options, assuming both options begin $. a in January and January sales remain 15,000Round all calculations to the nearest dollar Begin by preparing the budgeted income statement for Option 1 Luker Company Data Table Budgeted Income Statement For the Quarter Ended March 31, 2018 January February March Total Luker Company Sales Revenue Budgeted Income Statement Cost of Goods Sold For the Quarter Ended March 31, 2018 32,760 Gross Profit January February March S and A Expenses Net Sales Revenue (20% increase per month) $ 15,000 $ 18,000 $ 21,600 S Operating income Cost of Goods Sold (60% of sales ) 9,000 12,960 Gross Profit Income Tax Expense B 640 S and A Expenses ($2,200 + 10% of sales) 3,700 4 000 Net income Operating Income Now prepare the budgeted income statement for Option 2. (Round all amounts to the neal Income Tax Expense (20% of operating income ) Luker Company Net Income 11,840 $ 2,,560 S 3,424 $ 7,824 Budgeted Income Statement For the Quarter Ended March 31, 2018 January February March Total Enter any number in the edit fields and then continue to the next question MacBook Pro Command option command