Scandia Scales manufactures a specialty precision scale. For January, Scandia expects to sell 1,400 scales at an average price of $2,360 per unit. Scandia's average manufacturing cost of each unit sold is $1,490. Variable operating expenses for Scandia Scales will be $1.50 per unit sold and fixed operating expenses are expected to be $7,300 for the month. Monthly interest expense is $3,200. Scandia Scales has a tax rate of 40% of income before taxes. Prepare Scandia Scales' budgeted income statement for January.