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Zulu, Inc., is preparing its master budget for th first quarter. The company sells a single product at a price of 25 per unit. Sales

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Zulu, Inc., is preparing its master budget for th first quarter. The company sells a single product at a price of 25 per unit. Sales (in units) are forecasted at 40,000 for January, 60,000 for February, and 50,000 for March. Cost of Goods sold is 14 per unt. Other expense informaton for the first quarter follows. Prepare a budgeted income statement for this quarter

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