Delta Labs performs a specialty lab test for local companies for $45 per test. For the upcoming quarter, Delta Labs is projecting the following sales:

The budgeted cost of performing each test is $21. Operating expenses are projected to be $59,000 in January, $57,000 in February, and $58,000 in March. Delta Labs is subject to a corporate tax rate of 30%.
Requirement
Prepare a budgeted income statement for the first quarter, with a column for each month and for the quarter.

January 5,600 March February 5,700 Number of lab tests 4,900