Zulu, Inc., is preparing its master budget for the 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 unit. Other expense information for the first quarter follows Commissions Rent Advertising Office salaries Depreciation Interest Tax rate 10% of sales $20,000 per month 15% of sales $75,000 per month $50,000 per month 15% annually on a $250,000 note payable 40% Prepare a budgeted income statement for this first quarter (Input all amounts as positive values. Do not round Intermediate calculations. Omit the "S" sign your response.) ZULU INC Budgeted Income Statement For Quarter Ended March 31 (Click to select) (Click to select) (Click to select) Operating expenses (Click to select) Click to select) (Click to select (Click to select) (Click to select) (Click to select) siis Total operating expenses (Click to select) (Click to select kk