Woodruff Company prepared the following budgeted income statement for 2019 til (Cick the icon to view the budgeted income statement) 0 Data Table Read the requirements Requirement 1. Prepare a budgeted income statement with columns for 400 units 1 200 units and 1600 is sold Woodruff Company Budgeted Income Statement For the Year Ended December 31, 2019 Unit sales Woodruff Company Budgeted Income Statement For the Year Ended December 31, 2019 Unitales Sales Revenue (5600 per unit) Cost of Goods Sold 70% of sales Gross Profit Seling and Administrative Expenses 15% of sales) Operating Income Sales Revenue Cost of Goods Sold Gross Profit Selling and Administrative Expenses Operating income Requirement 2. How might managers use this type of budgeted income statement? sales levels The budoused income statement reared in Reument is a budou talows Woodruff manao Enter any number in the co ld and then continue to the next