Chapter 20 Graded Exercises Saved Help Save & Ext Submit Check my work 10 Fortune, 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 44,000 for January, 64,000 for February, and 54,000 for March. Cost of goods sold is $12 per unit. Other expense Information for the first quarter follows 4 cBook Commissions 9% of sales dollars Rent $20,000 per month Advertising 13% of sales dollars Office salaries $74,000 per month Depreciation $50,000 per month annually on a $250,000 note 10% Interest payable Tax rate 40% Rece Prepare a budgeted income statement for this first quarter (Round your final answers to the nearest whole dollar.) ME GED Prey 100 101 Chapter 20 Graded Exercises Swed Help Save & Submit Check my work 10 Prepare a budgeted Income statement for this first quarter (Round your final answers to the nearest whole dollar) FORTUNE, INC Dodgeted Income Sument For Quarter Ended March 21 Book We Opengene Check my w 10 For Quiter Ended March 31 4 points Operating expenses Boor Han Print Reconces Chapter 20 Graded Exercises Saved Help Save & Ext Submit Check my work 10 Fortune, 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 44,000 for January, 64,000 for February, and 54,000 for March. Cost of goods sold is $12 per unit. Other expense Information for the first quarter follows 4 cBook Commissions 9% of sales dollars Rent $20,000 per month Advertising 13% of sales dollars Office salaries $74,000 per month Depreciation $50,000 per month annually on a $250,000 note 10% Interest payable Tax rate 40% Rece Prepare a budgeted income statement for this first quarter (Round your final answers to the nearest whole dollar.) ME GED Prey 100 101 Chapter 20 Graded Exercises Swed Help Save & Submit Check my work 10 Prepare a budgeted Income statement for this first quarter (Round your final answers to the nearest whole dollar) FORTUNE, INC Dodgeted Income Sument For Quarter Ended March 21 Book We Opengene Check my w 10 For Quiter Ended March 31 4 points Operating expenses Boor Han Print Reconces