Thurman Company prepared the following budgeted income statement for 2025: (Click the icon to view the budgeted income statement.) Read the requirements. Requirement 1. Prepare a budgeted income statement with columns for 1,200 units, 1,400 units, and 1,600 units sold. Thurman Company Budgeted Income Statement For the Year Ended December 31, 2025 Unit sales Sales Revenue Cost of Goods Sold 1,200 1,400 1,600 Gross Profit Selling and Administrative Expenses Operating Income Requirement 2. How might managers use this type of budgeted income statement? Data table Thurman Company Budgeted Income Statement For the Year Ended December 31, 2025 - Unit sales 1,400 Sales Revenue ($650 per unit) $ 910,000 455,000 Cost of Goods Sold (50% of sales) Gross Profit 455,000 Selling and Administrative Expenses (30% of sales) Operating Income 273,000 $ 182,000 Print Done The budgeted income statement prepared in Requirement 1 is a budget. It allows Thurman's managers to plan for sales level(s). Requirement 3. How might spreadsheet software such as Excel assist in this type of analysis? Technology, such as Excel spreadhseet software, makes it more to conduct and prepare a company's If managers have a better understanding of how changes in sales volume and costs are likely to affect they can if key assumptions turn out to be wrong. The budgeted income statement prepared in Requirement 1 is a Requirement 3. How might spreadsheet software such as Excel Technology, such as Excel spreadhseet software, makes it more costs are likely to affect , they can budget. It allows Thurman's managers to plan for f analysis? sales level(s). to conduct and prepare a company's If managers have a better understanding of how changes in sales volume and flexible if key assumptions turn out to be wrong. static The budgeted income statement prepared in Requirement 1 is a budget. It allows Thurman's managers to plan for sales level(s). Requirement 3. How might spreadsheet software such as Excel assist in this type of analysis? Technology, such as Excel spreadhseet software, makes it more to conduct iny's If managers have a better understanding of how changes in sales volume and only a single costs are likely to affect , they can if key assumptions turn out to be various Requirement 3. How might spreadsheet software such as Excel assist in this type of analysis? Technology, such as Excel spreadhseet software, makes it more costs are likely to affect , they can to conduct and prepare a company's key assumptions turn out to be wrong. If managers have a better understanding of how changes in sales volume and cost-effective time-consuming Requirement 3. How might spreadsheet software such as Excel assist in this type of analysis? Technology, such as Excel spreadhseet software, makes it more costs are likely to affect they can to conduct if ki and prepare a company's If managers have a better understanding of how changes in sales volume and financial statement analysis sensitivity or "what-if" analysis Requirement 3. How might spreadsheet software such as Excel assist in this type of analysis? Technology, such as Excel spreadhseet software, makes it more costs are likely to affect they can to conduct and prepare a company's if key assumptions turn out to be wrong. If managers have a better understanding of how changes in sales volume and maintain the same course of action react quickly and make changes