Woodruff 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 500 units, 1,200 units, and 1,600 units sold. Reauirement 2. Hnw minht mananers use this tvne of hudneted income statement? Data table ny prepared the following budgeted income statement for 2025 : n to view the budgeted income statement.) Requirements 1. Prepare a budgeted income statement with columns for 500 units, 1,200 units, and 1,600 units sold. Woodruff Company prepared the following budgeted income statement for 2025 : Requirement 2. How might managers use this type of budgeted income statement? The budgeted income statement prepared in Requirement 1 is a budget. It allows Woodruff'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 managers have a better understanding of how changes in sales volume and costs are likely to affect they can assumptions turn out to be wrong