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, 65,000 for February, and 55,000 for March. Cost of goods sold is $12 per unit. Other expense information for the first quarter follows. 98 of sales dollars $24,000 per month Rent Advertising office salaries Depreciation 12% of sales dollars $ 76,000 per month $ 55,000 per month 13% annually on a $230,000 note payable 408 Tax rate Prepare a budgeted income statement for this first quarter, (Round your final answers to the nearest whole dollar) r Ended March 31