Question: Check my work Fortune, Inc. is preparing its master budget for the first quarter. The company sells a single product at a price of $25

Check my work 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 43,000 for January 63,000 for February, and 53,000 for Morch Cost of goods sold is 512 per unit Other expense information for the first quarter follows Commission sont Advertising ottice salaries Depreciation Interest Tax rate 129 o 11 dollars $15,000 per month 141 of sales dollars $75,000 per month 546,000 per month 11. annoally on a $280,000 note pays 400 Prepare a budgeted income statement for this first quarter. (Round your final answers to the nearest whole dollar) FORTUNE INC Budgeted Income Statement For Quarter Ended March 31 Operating expenses

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