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 45,000 for January, 55,000 for February, and 50,000 for March. Cost of goods sold is $14 per unit. Other expense information for the first quarter follows. Commissions Rent Advertising ottice salaries Depreciation Interest Tax rate 81 of sales dollars $ 14,000 per month 151 of sales dollars $ 75,000 per month $ 40,000 per month 51 annually on a $250,000 note payable 30N Prepare a budgeted income statement for this first quarter, (Round your final answers to the nearest whole dollar.) Prepare a budgeted income statement for this first quarter. (Round your final answers to the FORTUNE, INC. Budgeted Income Statement For Quarter Ended March 31 Operating expenses