udgetes lnceme scotemeot and Ealince Sheet Ervimated Casts and Eopenses Fired Variatle (Tetal for Year) (Ther Unit Sold) Cont ef gook mumpactires mons nolt orva maievale Oreat luber beptidanh ef obet ent equiverm 126.060 omit tancrer eveitai Ohot and ithan wiont 1. Prepare a budgeted income statement for 20Y4. Regina Soap Co. Budgeted Income Statement For the Year Ending December 31, 20Y4 Cost of goods sold: Cost of goods sold Gross profit Operating expenses: Selling expenses: Total selling expenses Administrative expenses: Total administrative expenses Total operating expenses Income before income tax 2. Pranare a hidopted halance sheet ae of Deremhme 71 JnYA. Liabilities Current liabilities: Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity udgetes lnceme scotemeot and Ealince Sheet Ervimated Casts and Eopenses Fired Variatle (Tetal for Year) (Ther Unit Sold) Cont ef gook mumpactires mons nolt orva maievale Oreat luber beptidanh ef obet ent equiverm 126.060 omit tancrer eveitai Ohot and ithan wiont 1. Prepare a budgeted income statement for 20Y4. Regina Soap Co. Budgeted Income Statement For the Year Ending December 31, 20Y4 Cost of goods sold: Cost of goods sold Gross profit Operating expenses: Selling expenses: Total selling expenses Administrative expenses: Total administrative expenses Total operating expenses Income before income tax 2. Pranare a hidopted halance sheet ae of Deremhme 71 JnYA. Liabilities Current liabilities: Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity