Question: A Budgeted income statement (Learning Objective 2) Delta Labs performs a specialty lab test for local companies for $45 per test. For the upcoming quarter,

A Budgeted income statement (Learning Objective 2) 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: E9-26 January 5,600 February 4,900 March Number of lab tests 5,700 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 and for the quarter. quarter, with a column for each month nnt l earnina Objective 2)
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