Create a Budgeted balance sheet for the projected year 2021

Budget Income Statement For the Year 2021 Digital Prints Small Studio Sales Original Artwork Medium Small Medium 30,000 S 33,750 S 35,000S 42,500S S $ (12,000) $ (13,500) (3,000) (7,500) $ Gross Sales Bank Service Charge Cost of Goods Sold Gross Profit Selling and Administrative Expenses Pre-Tax operating income Income Taxes After-Tax operating income Total Large 54,000 $ 195,250 $ (1,640.10) (8,800) S (44,800) $ 148,810 $ (38,080) $ 110,730 $ (33,219) $ 77,511 Budget Income Statement For the Year 2021 Digital Prints Small Studio Sales Original Artwork Medium Small Medium 30,000 S 33,750 S 35,000S 42,500S S $ (12,000) $ (13,500) (3,000) (7,500) $ Gross Sales Bank Service Charge Cost of Goods Sold Gross Profit Selling and Administrative Expenses Pre-Tax operating income Income Taxes After-Tax operating income Total Large 54,000 $ 195,250 $ (1,640.10) (8,800) S (44,800) $ 148,810 $ (38,080) $ 110,730 $ (33,219) $ 77,511