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 42,000 for January, 62,000 for February, and 52,000 for March. Cost of goods sold is $12 per unit. Other expense information for the first quarter follows. Commissions Rent Advertising oftice salaries Depreciation Interest Tax rate 88 of salen dollars $ 22,000 per month 121 of sales dollars $ 74,000 per month $ 46,000 per month 129 annually on a $250,000 note payable 308 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 Next 7 of 12