This Question: 50 pts 16 of 17 (17 complete Nettle Company prepared the following budgeted income statement for the first quarter of 2018 Nettle Company is considering two options. Enn (Chok the loon to view the budgeted income statement.) Click the icon to view the options.) Read the requirements Requirement 1. Prepare budgeted income statements for both options, assuming both options begin in January and January sales remain 58.000. Round all callations to the nearest dollar Begin by preparing the budgeted income statement for Option 1. Nettle Company Data Table Budgeted Income Statement For the Quarter Ended March 31, 2018 January February March 8000 2000 11520 3200 4808 4800 5780 Sales Revenue Cost of Goods Sold Gross Pro Nettle Company Budgeted Income Statement For the Quarter Ended March 31 2018 January February 20% incremont) 5 8 .000 5 000 4056 of sales) S and A Expenses March Total Operating income O S Nel Sales Revenge Cost of Goods Sold Income Tax Expence ($2.000 Now prepare the budgeted income statement for Option 2. Round al amounts to the nearest wole number Sand A Expenses Operating Income 1200 S 2632 Nettie Company Budgeted Income Statement For the Quarter Ended March 31, 2018 January February 8000 Cost of Goods Sok Enter any number in the edit Telds and then continue to the next question Type here to search OBIL (Click the con VILL S and A Expenses Operating Income Data Table Income Tax Expense Net Income Now prepare the budgeted income statement for Option 2. (Round all amounts to the nearest whole number.) Budgeted For the Quarter Total 204 ncrease per month 40% of sales) Nettie Company Budgeted Income Statement For the Quarter Ended March 31, 2018 January February March Sales Revenue 8000 Cost of Goods Sold Gross Profit S and A Expenses Operating income Income Tax Expense Net Sales Revenge Cost of Goods Sold Gross Profit S and A Expenses Operating Income Income The Expense $2.000 - 10% of sales 30% of operating income Net Income Pain Net Income Requirement 2. Which option should Nettie choose? Explain your reasoning because net income for the quarter sex pected to be higher under this option If one of the two options is chosen, it would be Enter any number in the edit fields and then continue to the next question O Type here to search This Question: 50 pts 16 of 17 (17 complete Nettle Company prepared the following budgeted income statement for the first quarter of 2018 Nettle Company is considering two options. Enn (Chok the loon to view the budgeted income statement.) Click the icon to view the options.) Read the requirements Requirement 1. Prepare budgeted income statements for both options, assuming both options begin in January and January sales remain 58.000. Round all callations to the nearest dollar Begin by preparing the budgeted income statement for Option 1. Nettle Company Data Table Budgeted Income Statement For the Quarter Ended March 31, 2018 January February March 8000 2000 11520 3200 4808 4800 5780 Sales Revenue Cost of Goods Sold Gross Pro Nettle Company Budgeted Income Statement For the Quarter Ended March 31 2018 January February 20% incremont) 5 8 .000 5 000 4056 of sales) S and A Expenses March Total Operating income O S Nel Sales Revenge Cost of Goods Sold Income Tax Expence ($2.000 Now prepare the budgeted income statement for Option 2. Round al amounts to the nearest wole number Sand A Expenses Operating Income 1200 S 2632 Nettie Company Budgeted Income Statement For the Quarter Ended March 31, 2018 January February 8000 Cost of Goods Sok Enter any number in the edit Telds and then continue to the next question Type here to search OBIL (Click the con VILL S and A Expenses Operating Income Data Table Income Tax Expense Net Income Now prepare the budgeted income statement for Option 2. (Round all amounts to the nearest whole number.) Budgeted For the Quarter Total 204 ncrease per month 40% of sales) Nettie Company Budgeted Income Statement For the Quarter Ended March 31, 2018 January February March Sales Revenue 8000 Cost of Goods Sold Gross Profit S and A Expenses Operating income Income Tax Expense Net Sales Revenge Cost of Goods Sold Gross Profit S and A Expenses Operating Income Income The Expense $2.000 - 10% of sales 30% of operating income Net Income Pain Net Income Requirement 2. Which option should Nettie choose? Explain your reasoning because net income for the quarter sex pected to be higher under this option If one of the two options is chosen, it would be Enter any number in the edit fields and then continue to the next question O Type here to search