Barrett Cabir performs a specialty lab test for local companies for $52 per test for the upcoming quarter, Barrett Labs is projecting the following sales January February March Number of lab tests... 5.400 4500 5.500 The budgeted cost of performing each test is $25. Operating expenses are projected to be $1.000 in January, 554000 in February, and $64.000 in March Barat Lati 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 Prepare the budgeted income statennet by first calculating the operating income, then calculate the net income Barrett Labs Budgeted Income Statement For the Quarter Ended March 31 January February March Quarter Sales Less Cost of goods sold Gross profit Loss: Operating expenses Operating income