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 Oftico salarion Depreciation Interest Tax rate B of salen dollara $ 14,000 per month 156 of sales dollars $ 75,000 per month $ 40,000 per month 51 annually on a $250,000 note payable 305 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 Sales Cost of goods sold Gross profit Operating expenses Salaries payable Rent expense Advertising expense Prepare a budgeted income statement for this first quarter. (Round your fi FORTUNE, INC. Budgeted Income Statement For Quarter Ended March 31 Sales Cost of goods sold Gross profit Operating expenses Salaries payable Rent expense Advertising expense Office salaries expense Depreciation expense Interest expense Income tax expense Income before taxes 0 Net income $ 0